Overview
- MSCI said companies on its preliminary list with digital assets equal to at least 50% of total assets will keep their current index treatment for the February 2026 review.
- The index provider will freeze increases to share counts and inclusion factors for these firms and defer additions or size-segment upgrades during the review period.
- MSCI will launch a broader consultation to determine how to classify non-operating or investment‑oriented entities, potentially using financial‑statement‑based criteria.
- Strategy (MSTR) shares rose roughly 6–7% in after-hours and premarket trading following the announcement, with other digital asset treasury stocks posting modest gains.
- Analysts had warned that exclusions could have driven large passive outflows, including an estimated $2.8 billion for Strategy, leaving medium‑term policy risks unresolved.