Overview
- MSCI said companies on its preliminary digital asset treasury list, defined by crypto holdings of 50% or more of total assets, will retain their current index status in the February 2026 review.
- The index provider will launch a broader consultation on how to classify non-operating companies after investor feedback noted some DATCOs resemble investment funds.
- While the review is underway, MSCI will defer increases to number of shares and inclusion factors for DATCOs and will not add new ones or move them between size segments.
- Shares of Strategy (MSTR) rose roughly 5%–7% in after-hours and premarket trading following the announcement.
- Analysts said the decision averts near-term passive outflows previously estimated at about $2.8 billion for Strategy and $10–15 billion across affected firms, though future rule changes remain possible.