MSCI has decided not to remove DAT Inc. from the index, MSTR is up 6.58% after hours

On January 7, MSCI announced it will not move forward with its proposal to exclude Digital Asset Treasury Companies (DATCOs) from the MSCI Global Investable Market Index (MSCI Index) in the February 2026 index review. MSCI intends to launch a broader consultation on how to treat general non-operating companies. This wider review aims to ensure consistency and stay aligned with the MSCI Index’s core goals: measuring operating companies’ performance and excluding entities whose primary activities are fundamentally investment-focused. Distinguishing between investment firms and other companies (the latter holding non-operating assets like digital assets as part of their core operations—not for investment purposes) will require further study and input from market participants. For example, evaluating these entities’ index eligibility may call for additional inclusion criteria, such as financial statement metrics or other indicators. Per data from Bitget TradFi, MicroStrategy (MSTR) rose 6.58% in after-hours trading following the news.