MSCI Inc. has decided not to move forward with a proposal that could have removed Bitcoin-heavy companies from its major equity indexes. The decision gives relief to crypto-focused firms like Strategy, formerly known as MicroStrategy, and keeps them eligible for key benchmarks through at least February 2026 .
The global index provider shared the update on Tuesday after months of debate with investors and market participants. As a result, companies with large crypto holdings will remain part of MSCI indexes under current rules.
Why MSCI Reconsidered Its Proposal
MSCI first introduced the idea in October 2025. It planned to classify Digital Asset Treasury Companies as firms holding 50 percent or more of their assets in cryptocurrencies. Under that plan, these businesses would no longer qualify for traditional equity indexes.
Supporters of the proposal argued that such companies resemble investment vehicles more than operating businesses. However, critics pushed back. They warned that removing these firms could disrupt markets and penalize companies experimenting with new treasury strategies.
After reviewing feedback, MSCI chose a more cautious path. Instead of immediate changes, the firm will study how companies with large non-operating assets should fit into index methodology.
Market Reaction and Industry Response
The market reacted quickly to the news. Strategy shares climbed about 6 percent in after-hours trading. Other crypto-related stocks also posted modest gains, showing how closely investors watch index eligibility.
Industry voices welcomed the move, especially those focused on institutional crypto adoption. Index inclusion often brings steady demand from passive funds, which supports liquidity.
Key reasons industry participants supported the decision include:
- Continued access to passive investment flows
- Reduced risk of forced selling from index funds
- Recognition of evolving corporate treasury models
Although the decision offers short-term certainty, it does not close the discussion. MSCI plans further consultation and research, which could lead to future rule changes.
Analysts say the next phase will shape how digital assets fit into mainstream finance. Therefore, both traditional investors and crypto firms will monitor upcoming reviews closely as the debate continues.
