## Strategy Inc. Surges in Stock Market After MSCI Reverses Cryptocurrency Company Exclusion: What Changes for the Sector?

A reversal of a regulatory decision removed uncertainties that hovered over the digital asset market. Yesterday, MSCI (Morgan Stanley Capital International) officially announced that **it would not proceed with plans to exclude companies holding treasury in Bitcoin and other cryptocurrencies from their main indices**. The result was immediate: Strategy Inc., the largest crypto asset manager in the market, saw its shares rise approximately **5.7% after the market close** on Tuesday.

### Why does this decision matter so much for the sector?

The situation became tense when rumors started circulating about possible exclusions of DATCOs (companies with treasury in digital assets) from MSCI indices. If that had happened, companies like Strategy would have faced billions in passive capital outflows, as many index funds track MSCI indices. The company holds approximately **US$ 63 billion in Bitcoin**, making any exclusion particularly damaging.

MSCI clarified that it will conduct a more detailed analysis of the sector. The new criterion: companies where digital assets represent **50% or more of total assets** will be reclassified separately but will remain eligible for passive index funds. This way, the index provider can distinguish between companies that use cryptocurrencies as an operational strategy versus entities whose main business is investing in digital assets.

### The market breathes a sigh of relief, but Wall Street doesn’t stop

The reversal eased tensions but revealed something bigger: the cryptocurrency sector has gained space on the institutional agenda. Proof of this came days later when Morgan Stanley filed applications with the SEC to launch two cryptocurrency ETFs — one focused on Bitcoin and another on Solana. The documents indicate that these funds will operate as **passive investment instruments**, capable of tracking the performance of the underlying cryptocurrencies.

Analysts point out that this move coincides with a critical moment: after sharp declines in crypto asset prices in the second half of 2025, institutional confidence was shaken. MSCI’s decision and Morgan Stanley’s renewed interest suggest that major players are reorganizing strategies, seeking regulated and structured products that allow greater participation in the digital market without the previous reputational risks.

The message is clear: treasury companies in digital assets have solidified their place in the mainstream financial ecosystem in 2024 and 2025. Strategy Inc., with its rising shares, reflects exactly that — the market votes with its feet.