MSCI Will Not Exclude Bitcoin Treasury Companies Like Michael Saylor’s Strategy From Global Indexes

Global index provider MSCI has decided not to exclude Digital Asset Treasury Companies (DATCOs), such as Michael Saylor's Strategy, from its flagship indexes following a review.

MSCI acknowledged investor concerns that some DATCOs resemble investment funds, which are typically excluded, but stated that distinguishing between investment-oriented entities and operating companies holding digital assets requires further research. Consequently, MSCI will maintain the current treatment for included DATCOs while planning a broader consultation on non-operating companies.

The decision reverses fears that firms holding a majority of assets in Bitcoin could be stripped from major benchmarks, which had sparked fierce criticism from industry players like Strategy, who argued DATCOs are operating companies, not passive funds. The move avoids potential billions in passive outflows and triggered immediate relief buying in the shares of affected companies like Strategy (MSTR).

(Source：Bitcoin Magazine)