- MSCI has decided to continue including Strategy in its February 2026 review, but will no longer add new shares from the company to its index.
- Bitcoin’s failure to break the $94K resistance, coupled with Riot Platform’s $200 million sell-off, sent BTC back to $91K-$92K on Wednesday.
The recent decision of MSCI brought both a sigh of relief and caution for Strategy (MSTR) investors. The global stock market index backtracked from its earlier proposal to remove the Bitcoin (BTC) development company from its listing, but added a new rule that suppressed what could have been a highly favorable outcome.
Why Does the MSCI Listing Matter for Strategy?
Before going further, let’s discuss why Strategy’s listing in the MSCI index matters.
Basically, a company’s inclusion in the index offers a significant stamp of approval. MSCI’s strict eligibility standards include an evaluation of its capability to withstand rigorous liquidity requirements and maintain high market capitalization thresholds. Therefore, entities in the index make their shares a must-buy for passive exchange-traded funds (ETFs) and institutional portfolios tracking the index’s composition.
Securitie.io indicates that the passive investments in the MSCI index can boost a company’s inflow by as much as 300%. Meanwhile, its shares typically increase at an average of 2% to 3%.
MSCI Keeps Strategy for February Review
In December 2025, MSCI proposed a rule requiring companies in its index to have no more than 50% of their total assets in Bitcoin or digital assets. The problem here is that Strategy’s treasury is mostly comprised of its approximately $62 billion BTC holdings.
On Wednesday, Strategy broke the news that MSCI will no longer automatically disqualify digital asset treasury (DAT) companies in its February review. The business considers it “a strong outcome for neutral indexing and economic activity.”
New Rule Changes Dynamics
MSCI’s ruling came with a caveat, though. When DATs like Strategy add new shares, the index will no longer register the extra shares. Hence, this removes the automatic buying demand for institutions and ETFs for the new shares.
As a result, DAT companies listed on it will now raise less money through share dilution.
Bitcoin in the Last 24 Hours
The latest developments, which included both good and bad news, caused Bitcoin to lose momentum.
In the last 24 hours heading to Wednesday noon (UTC), BTC experienced a market-wide risk-off despite the Crypto Fear & Greed Index rising to over 40 points at the “Fear” level since Tuesday from the previous “Extreme Fear” readings. The premier crypto asset fell to a $91,286.55 low this Wednesday after peaking at $94,395.30.
Analysts attributed Bitcoin’s slight pullback to its failed breakout above the $94.5K resistance, which further triggered profit-taking. Coinciding with it was Riot Platforms reportedly offloading $200 million in BTC over the last two months to fund its AI data center expansion.
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