Strategy ($MSTR) Jumps 7% After MSCI Decides Against Excluding Bitcoin Treasury Firms
Strategy ($MSTR) shares surged after MSCI decided not to exclude firms holding Bitcoin on their treasury from its equity indexes.Summary
Shares of Strategy ($MSTR) jumped as much as 7% after MSCI, the global index provider, concluded its review and decided against excluding companies that hold digital assets like Bitcoin on their treasury from its flagship equity indexes for now. This decision alleviated months of uncertainty regarding potential forced selling due to index rebalancing, which analysts estimated could have triggered billions in outflows for Strategy alone if they had been reclassified as "investment-oriented" entities instead of operating companies. However, the relief is conditional; MSCI will not increase index weightings for new share issuances by these Digital Asset Treasury Companies (DATCOs) and signaled that further research is needed, meaning exclusion remains a possibility in the future.
(Source：Bitcoin Magazine)