Strategy (MSTR) rose 6% in after-hours trading on Tuesday after MSCI decided not to exclude Digital Asset Finance Corp. (DAT) from its index.
“Distinguishing between investment companies and other companies that hold non-operating assets (such as digital assets) as part of their core business rather than for investment purposes requires further research and consultation with market participants,” MSCI said in a statement. “For example, assessing the index eligibility of a range of such entities may require additional inclusion assessment criteria, such as financial statement-based indicators or other indicators.”
MSCI continued: “The current index treatment of DATCO for companies identified in the preliminary list published by MSCI that hold digital assets representing 50% or more of their total assets will remain unchanged.”
