Strategy surges after MSCI ruling
xAI raises $20 billion and Big Oil eyes Venezuela cautiously
Strategy surges after MSCI ruling
Shares of Strategy (MSTR) rose about 6% in after-hours trading after MSCI said it will not remove digital asset treasury companies (DATs) from its indexes—for now.
The stock had been under pressure from weaker crypto prices and concerns that MSCI might reclassify companies with large digital asset holdings. In its statement, MSCI said that distinguishing between investment companies and operating businesses that hold digital assets as part of their core operations requires more research and consultation. As a result, MSCI will keep its current index treatment unchanged for firms whose digital assets make up 50% or more of total assets.
The decision removes a major overhang for DATs, as exclusion could have triggered billions in lost passive inflows. With that risk sidelined, sentiment improved across the group. Other treasury-focused names posted modest gains, and Michael Saylor’s flagship company led the move.
Bitcoin also edged higher, trading around $93,500 following the announcement.
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