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Strategygy shares rose more than 6% in after-hours trading on Tuesday after MSCI announced it would not move forward with a proposal to remove Digital Asset Finance Corporation (DATCO) from its benchmark index during the February 2026 review period.
According to data from “Yahoo Finance”, the company’s shares fell about 4% to close at around $158, down about 67% from the peak of $434 set in July 2025.
Still, the stock is up about 4% since the beginning of the year.
MSCI’s decision means that “Strategy” (formerly “MicroStrategy”) will remain in MSCI’s Global Investable Index along with other companies that hold Bitcoin on their balance sheets.
Although MSCI decided to maintain the current classification of these companies for the time being, there is still uncertainty about whether they will continue to join the index in the future.
MSCI explained that it intends to launch wider consultations on how to classify non-operating grade or investment grade companies after investors warned that some of them have become closer to investment funds, a category that is not eligible for inclusion in MSCI equity indexes.
Before the completion of this review, “DATCO” that owns digital assets equivalent to more than 50% of total assets will continue to be included in the index if they meet the conditions, but the increase in the number of shares or inclusion factors will be frozen, and the addition of new companies or promotions within the size class will be postponed.
MSCI proposed in October last year to exclude these companies, sparking concerns that the decision could lead to the exit of up to $8.8 billion in investments.
The proposal has also been cited as a factor that could increase pressure on Strategy, especially as its stock performance has seen wild swings as Bitcoin has fallen and the market has become volatile.
In this regard, the “Policy” calls on the MSCI Stock Index Committee to reconsider the proposal, believing that the proposal unfairly equates operating companies that manage digital asset treasury with investment funds. In addition, it may cause market instability and conflict with the direction of U.S. digital finance policy.
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