MSCI has decided not to remove DAT from its index for the time being, and MSTR rose 6.58% in after-hours trading.
TL;DR
MSCI will not remove Digital Asset Reserve Companies from its indexes in the February 2026 review, opting for broader consultation on non-operating companies. This decision led to a 6.58% after-hours rise in MSTR stock.
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On January 7, MSCI announced that it has decided not to implement the proposal to exclude Digital Asset Reserve Companies (DATCOs) from the MSCI World Investable Markets Indexes (MSCI Indexes) during the February 2026 index review.
MSCI plans to launch a broader consultation on how it treats general non-operating companies. This broader review aims to ensure consistency and continued alignment with the overall objectives of the MSCI indices, which is to measure the performance of operating companies and exclude entities whose primary activities are inherently investment-oriented.
Differentiating investment firms from other firms that hold non-operating assets, such as digital assets, as part of their core operations rather than for investment purposes requires further research and consultation with market participants. For example, assessing the index eligibility of various such entities may require additional evaluation criteria, such as financial statement-based metrics or other indicators.
According to Bitget TradFi data, Strategy (MSTR) rose 6.58% in after-hours trading following the news.