Overview
- MSCI said no changes will be made for the February 2026 index review, keeping current treatment for companies whose digital assets are at least 50% of total assets.
- For firms on its preliminary DATCO list, MSCI will freeze increases to share counts or inclusion factors and defer additions or size‑segment upgrades during the review.
- Strategy will remain in MSCI benchmarks for now, and its stock rose roughly 6% to 7% in after‑hours and early Wednesday trading after the announcement.
- MSCI reported investor feedback that some digital‑asset treasury companies resemble investment funds, prompting further research to distinguish operating businesses from investment entities.
- Analysts warned that exclusions could have forced significant passive outflows, with J.P. Morgan estimating about $2.8 billion for Strategy alone.