Strategy (MSTR) is ahead 6% after hours Tuesday after MSCI decided not to exclude digital asset treasury (DAT) companies from its indexes.
“Distinguishing between investment companies and other companies that hold non-operational assets, such as digital assets, as part of their core businesses rather than for investment purposes requires further research and consultation with market participants,” MSCI said in a statement. “For example, assessing index eligibility for a range of these entity types may require additional inclusion evaluation criteria, such as financial statement-based or other indicators.”
“At this time, the current index treatment of DATCOs identified in MSCI’s published preliminary list of companies whose digital asset holdings represent 50% or more of their total assets will remain unchanged,” MSCI continued.
