Strategy $MSTR ( ▲ 3.18% ) popped in after-hours trading after MSCI said it will allow digital asset treasury companies to remain in its global indexes, reversing course on a proposal that had threatened to boot them from major benchmarks.
Earlier this year, MSCI floated the idea of excluding companies whose crypto holdings make up more than 50% of their assets. On Tuesday night, the index provider confirmed it will not move forward with that change for now.
Why this matters for Strategy
Staying in MSCI’s global indexes is a big deal. If Strategy had been removed, passive funds tracking those benchmarks would have been forced to sell, likely triggering significant outflows from the stock.
In a statement, MSCI said it has “determined at this time not to implement the proposal to exclude digital asset treasury companies from the MSCI Global Investable Market Indexes as part of the February 2026 Index Review.”
That decision effectively removes a major overhang for Strategy, the largest digital asset treasury company, and its peers.
Not the end of the debate
This is not a permanent green light. MSCI made clear that the issue is still under review and could resurface in the future.
The firm said it plans further research and consultation to better distinguish between companies that hold digital assets as part of their core operations and traditional investment vehicles.
For now, though, Strategy gets to stay in the index club, and the market is breathing a sigh of relief.