MSCI, formerly Morgan Stanley Capital International (MSCI), has announced It will not exclude Bitcoin or crypto-treasury firms from its indexes. MSCI said that further research is needed to distinguish between companies holding digital assets and investment companies. Therefore, the index will include both companies and digital assets.
“Distinguishing between investment companies and other companies 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,” MSCI stated in a recent statement. “For instance, assessing index eligibility across a range of these types of entities may require additional inclusion assessment criteria, such as financial-statement-based or other indicators.”
MSCI went on to say that, “For the time being, the current index treatment of DATCOs identified in the preliminary list published by MSCI of companies whose digital asset holdings represent 50% or more of their total assets will remain unchanged,” MSCI continued.
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MSCI’s decision has triggered a rally in both Bitcoin and Strategy stock (MSTR). BTC gained 1% following a day of selling pressure, while MSTR finished 6% better. Michael Saylor’s Strategy, one of the most important institutional Bitcoin investors around the world is Michael Saylor. MSCI, with its large treasury, announced MSTR as a major investor in the digital currency.
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Source: watcher.guru
