Strategy and Other Crypto Treasury Firms Were Just Spared a Big Blow
The crypto market was spared a blow this week after indexing giant MSCI opted not to delist crypto holding companies from its indexes.
MSCI decided not to proceed with a proposal to exclude digital asset treasuries from its indexes, though it said it would conduct a wider review of how some companies are treated.
The move spares companies like Strategy and other firms whose main business is buying and holding crypto from a potentially devastating blow. If MSCI dumped those stocks, many investors who track its indexes would have likely followed suit. However, it leaves the door open to a crackdown in the future.
Strategy stock spiked as much as 5% on the news.
When the MSCI first said it was considering…
