Strategy (MSTR) Rises After MSCI Retains Digital Asset Treasury Companies in Indexes
- Strategy (MSTR) gained 6% in after-hours trading following MSCI’s decision to keep digital asset treasury companies (DATs) in its indexes.
- MSCI stated that further research is needed to distinguish between investment companies and those holding non-operating assets like digital assets.
- Current index treatment for DATs, whose digital asset holdings exceed 50% of total assets, will remain unchanged for now.
- Other DATs, including Bitmine Immersion (BMNR), Sharplink (SBET), and Twenty One Capital (XXI), also saw increases in after-hours trading.
- Bitcoin rose approximately 1% to around $93,500 following the announcement.
The MSCI decision is significant as it alleviates concerns over potential exclusion from equity indices, which could have led to substantial capital outflows for firms like Strategy. This positive news may enhance market sentiment towards treasury companies amid ongoing scrutiny of their operations.
With Strategy rising by about six percent and Bitcoin gaining one percent, the market reacted favorably to the MSCI’s announcement regarding DATs’ index eligibility. (Source)
