Technique (MSTR) shares jumped about 6% in after-hours buying and selling Tuesday after MSCI mentioned it won’t exclude digital asset treasury firms from its indexes.
MSCI delays a classification change
MSCI mentioned extra work is required to separate funding firms from working companies that maintain non-operating property similar to digital property.
MSCI acknowledged:
“Distinguishing between funding firms and different firms that maintain non-operating property, similar to digital property, as a part of their core operations slightly than for funding functions requires additional analysis and session with market individuals.”
Index remedy stays the identical for now
MSCI added that, for now, it would preserve the present index remedy for firms on its preliminary record whose digital asset holdings characterize 50% or extra of complete property.
That call was carefully watched as a result of an exclusion may have reduce off billions of {dollars} of passive index-related inflows for Technique and comparable companies.
Different DATs and bitcoin additionally moved
Different digital asset treasury companies, together with Bitmine Immersion (BMNR), Sharplink (SBET), and Twenty One Capital, additionally noticed modest after-hours positive factors.
Bitcoin rose about 1% alongside the transfer, buying and selling round $93,500 on the time.