MSCI retains Strategy in indices, keeps door open for other bitcoin treasuries
MSCI announced on Tuesday that it will not exclude bitcoin treasury companies from its global indices – for now, at least. The decision allows Strategy (NASDAQ: MSTR) to maintain its position in the benchmark equity indices, while also keeping the door open for other bitcoin treasury companies that meet requirements. Shares of Strategy rose 5.5% on Wednesday following the news. Market participants previously expressed concern that an exclusion would trigger forced selling by passive index funds. JPMorg ...