Strategy rallies 6% on news that MSCI will continue including DATs in its indexes.

Strategy Rallies After MSCI Decides to Keep DATs in Its Indexes

Shares of Strategy (MSTR) climbed 6% in after-hours trading Tuesday after MSCI said it will maintain the inclusion of digital asset treasury companies (DATs) in its indexes, removing a key source of uncertainty for the stock.

The Michael Saylor-led firm had been under pressure from softer bitcoin prices and concerns that index changes could force its removal from major benchmarks.

In a statement, MSCI said additional research and consultation are needed to distinguish between investment firms and operating companies that hold non-operating assets—such as digital assets—as part of their core activities. The index provider added that assessing eligibility across these entities may require new inclusion criteria, including financial-statement-based or other indicators.

“For now, the current index treatment of DATCOs identified in the preliminary list published by MSCI will remain unchanged,” MSCI said, referring to companies whose digital asset holdings represent at least 50% of total assets.

The decision was closely watched across the market, as exclusion from MSCI indexes could have cut off billions of dollars in passive inflows not only for Strategy but also for other companies pursuing similar digital asset treasury strategies.

With the risk of removal now lifted, capital could begin flowing back into the sector, improving sentiment. Other DATs, including Bitmine Immersion (BMNR), Sharplink (SBET), and Twenty One Capital (XXI), also saw modest after-hours gains.

Bitcoin, which had been under pressure earlier in the session, rose about 1% following the announcement and was trading near $93,500.