Shares of Michael Saylor’s Strategy rose 6% after MSCI reversed plans to exclude crypto treasury firms from its indexes. Digital asset treasury companies gained popularity in 2025, with firms holding crypto tokens like bitcoin and ether. Tokens are volatile, and accounting treatment is debated.

MSCI proposed removing DATCOs from global benchmarks, citing similarities to investment funds. Concerns arose about other index providers following suit. Many firms argue they are developing new products and that MSCI’s proposals unfairly target crypto companies.

Strategy, formerly MicroStrategy, led the way in buying bitcoin in 2020, sparking a crypto treasury frenzy. Shares surged but fell as bitcoin prices dropped. MSCI plans to open a broader consultation on non-operating companies, potentially postponing exclusions.

Read more at Yahoo Finance: Strategy rises as MSCI shelves plans to exclude crypto treasury firms from indexes