Strategy stocks are growing as MSCI plans to drop digital asset portfolios.
Key receivers
Strategy, formerly MicroStrategy, saw an aftermarket stock increase. MSCI decided not to remove digital asset treasuries from its indexes.
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Strategy ( MSTR ) shares rose more than 6 percent in afternoon trading Tuesday after MSCI said it would not proceed with a proposal to remove digital asset treasury companies ( DATCOs ) from benchmark indices in its February 2026 review.
MSTR fell nearly 4% to close at $158 on Tuesday, leaving the stock 67% below its July 2025 high of $434, according to Yahoo Finance. The stock is up about 4% this year.
The decision allows the strategy, previously known as the micro strategy, to remain in MSCI's Global Investable Market Index.
While MSCI will continue its current treatment of DATCOs, there is ongoing uncertainty as to whether these companies will remain eligible for index inclusion in the future.
The index provider plans to launch a wider consultation on how to classify non-operating and investment-focused companies, after investors warned that some of them look like investment funds, ineligible for MSCI's equity indices.
Until that review is completed, qualified DATCOs that hold digital assets equal to at least 50% of total assets will remain in the data, even if MSCI reduces the number of stocks or inclusion criteria and issues increases or size class revisions.
A proposal to delist DATCOs was tabled last October, raising concerns that it could lead to an outflow of up to $8.8 billion in investment.
The change is seen as potentially threatening future funding and stock performance for the strategy, which has been volatile amid Bitcoin's decline and market volatility.
In response, the strategy has urged MSCI's Equity Index Committee to reconsider its proposal, saying it unfairly treats digital asset treasury companies as investment funds and risks market disruption in a way that contradicts US digital financial policy.
