Strategy stock surges 6% after MSCI decides against excluding crypto firms

Investing.com -- Strategy Inc. (NASDAQ: MSTR) stock rose 6% in after-hours trading Tuesday following MSCI’s announcement that it will not exclude digital asset treasury companies from its indexes.

The index provider stated it has decided "not to implement the proposal to exclude digital asset treasury companies from the MSCI Global Investable Market Indexes as part of the February 2026 Index Review." This decision directly benefits Strategy, which has faced recent share price pressure due to concerns about potential exclusion.

MSCI’s announcement also positively impacted other cryptocurrency-related stocks, with Bitmine Immersion shares gaining 3.5% after hours.

While MSCI has halted immediate plans to exclude crypto treasury firms, it indicated plans to open "a broader consultation on the treatment of non-operating companies generally." The index provider acknowledged investor concerns that some digital asset treasury companies exhibit characteristics similar to investment funds, which are typically not eligible for inclusion in MSCI indexes.

For now, companies like Strategy whose digital asset holdings represent 50% or more of their total assets will maintain their current index status. MSCI clarified that such companies currently included in its indexes will remain included, provided they continue to meet all other index requirements.

However, MSCI noted it will not implement increases to the Number of Shares, Foreign Inclusion Factor, or Domestic Inclusion Factor for these securities, and will defer any additions or size-segment migrations for affected companies.

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