Strategy ( MSTR ) is ahead 6% in after-hours trading Tuesday after MSCI decided not to exclude digital asset treasury companies (DATs) from its indexes.
“Distinguishing between investment companies and other companies that hold non-operating assets, such as digital assets, as part of their core activities rather than for investment purposes requires further research and consultation with market participants,” MSCI said in a statement. “For example, assessing index eligibility across a range of these types of entities may require additional inclusion assessment criteria, such as accounting-based or other indicators.”
“For the time being, the current index treatment of DATCOs identified in the preliminary list published by MSCI of companies whose holdings of digital assets represent 50% or more of their total assets will remain unchanged,” MSCI continued.
Under pressure most of the day, the price of bitcoin also added about 1% on the news, and is now trading at $93,500.
