MSCI will not exclude digital asset treasury companies from its indexes, opting for a broader consultation on non-operating companies instead. Companies on the preliminary list of DATCOs, with digital assets making up 50% or more of total assets, will maintain their current treatment in the benchmarks. Shares of Strategy rose 6% in after-market trading, rebounding from a 47.5% slump in 2025. MSCI’s decision to keep Digital Asset Treasury Companies in its indexes for the Feb 2026 review was praised by Strategy. Feedback from investors expressed concerns that some DATCOs resemble investment funds, prompting the need for further research and consultation. MSCI highlighted the complexity of distinguishing between investment companies and other entities holding non-operating assets like digital assets. Additional inclusion assessment criteria may be necessary to evaluate index eligibility across these different types of entities.

Read more at Yahoo Finance: MSCI drops plan to exclude digital asset treasury firms, to launch broader review