Strategy gains as MSCI keeps crypto treasury firms in indexes

Shares of Strategy MSTR.O up 3.9% at $164.2 premarket after MSCI MSCI.N drops plan to exclude crypto treasury firms from its indexes

Decision keeps digital asset treasury companies (DATCOs) in global benchmarks; MSCI had proposed removal last fall

DATCOs surged in popularity in 2025 as firms began holding bitcoin, ether and other tokens as main treasury assets, giving investors proxy exposure to crypto

J.P. Morgan says, "For now, MSCI will maintain the current index treatment for DATCOs with digital asset holdings representing 50% or more of total assets"

As of last close, MSTR stock down 58.3% over the past year