Odaily News MSCI has announced the results of its market consultation regarding Digital Asset Treasury Companies (DATCOs), deciding not to implement the proposal to exclude DATCOs from the MSCI Global Investable Market Indexes during the February 2026 index review. According to the announcement, the current index inclusion and treatment methods for relevant companies will remain unchanged, and DATCOs already included in the indexes will continue to be retained. Meanwhile, MSCI stated that it will temporarily suspend increasing the share count and inclusion factor for relevant companies, and postpone new inclusions or size segment adjustments. Subsequent arrangements will depend on the results of further evaluations.
Odaily According to reports, after MSCI stated it would not proceed with plans to exclude Digital Asset Treasury companies (DATs) from its index system, the stock price of Strategy (MSTR) rose nearly 6% in after-hours trading on Tuesday. This decision alleviates short-term pressure on companies, including Strategy, that hold significant Bitcoin on their balance sheets but are not directly engaged in blockchain business. If formally removed from the MSCI index, related stocks could face passive selling pressure from some institutional investors.
Analysts pointed out that this decision does not mean the controversy is completely over. TD Cowen analyst Lance Vitanza stated that MSCI's latest statement is a positive development for the relevant companies, but it remains to be seen whether it is merely a temporary adjustment. Benchmark analyst Mark Palmer also believes the decision provides temporary relief for Strategy, but uncertainty remains regarding whether MSCI will re-examine the index inclusion rules for non-operating companies in the future. The report stated that this outcome holds reference significance for the entire Digital Asset Treasury company sector, and future changes to index rules could still affect the index status of related companies. (CoinDesk)
According to data from msx.com, the U.S. stock market closed with the Dow Jones Industrial Average up 0.99%, the S&P 500 up 0.62%, and the Nasdaq Composite up 0.65%. The crypto-related stocks showed mixed performance, with HODL surging over 23.44%, DFDV rising over 10.17%, and MSTR falling over 4.1%.
It is reported that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering U.S. stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
Odaily News Arca's Chief Investment Officer, Jeff Dorman, posted on platform X stating that the biggest risk facing MSTR is not being delisted by MSCI or a drop in BTC price. Being delisted by MSCI only has a slight negative impact on the stock and is irrelevant to Bitcoin; with over 2 years of cash reserves and no forced sale clauses, a drop in BTC price would not force MSTR to sell.
He believes the real risk is BTC price rising while MSTR's price stagnates. If MSTR no longer tracks BTC price and trades significantly below mNAV, it will be unable to raise funds through ATM offerings, and at that point, it would have to consider selling BTC to buy back stock.
