From Startup Fortune · · 1m 20s
MSCI Keeps Bitcoin Treasury Companies in Indexes
MSCI delays dropping Strategy and bitcoin treasury firms from indexes after months of review.
In brief
MSCI delays dropping Strategy and bitcoin treasury firms from indexes after months of review. MSCI decided not to exclude digital asset treasury companies from its indexes, keeping Strategy's stock from immediate sell-offs. Originally reported by Startup Fortune.
MSCI Review of Bitcoin Treasury Companies
MSCI spent months weighing whether to treat bitcoin-heavy companies like investment funds instead of operating businesses.
“For the time being”
Strategy Stock Reacts to MSCI Decision
Strategy's stock surged up to 7% in after-hours trading once MSCI confirmed digital asset treasury companies would keep their current index treatment.
“7%”
MSCI's Stakes for Strategy
Strategy holds 848,000 bitcoin, the largest corporate bitcoin position globally, making it MSCI's biggest test case.
“848,000”
Passive Fund Impact Risk
Exclusion could force passive funds to sell $2.8 billion worth of Strategy shares, potentially triggering $8.8 billion in total outflows.
“$2.8 billion”
MSCI's Previous Moves
MSCI first proposed excluding digital asset treasury companies in 2025, shelved the plan in January 2026, then returned with a two-stage test proposal in August.
“2025”
Strategy's Capital Plan
Strategy rolled out a Digital Credit Capital Framework to sell up to $1.25 billion in bitcoin for dividends and buybacks.
“$1.25 billion”
What MSCI Actually Said
MSCI confirmed it will not increase index weightings for bitcoin treasury companies and that its indexes track operating companies, not investment vehicles.
“operating companies”
Here's the gist
MSCI decided not to exclude digital asset treasury companies from its indexes, keeping Strategy's stock from immediate sell-offs.
