#MSCI未来或纳入数字资产财库企业 One interesting event that happened on January 7th—MSCI, the global index leader, announced an important decision: they will temporarily refrain from removing digital asset treasury companies (DATCOs) from the index.

How are these companies defined? Simply put, companies where digital assets account for more than 50% of total assets. Strategy firms are typical representatives. Last October, MSCI proposed to exclude them, which caused a market uproar—JPMorgan even calculated that if implemented, Strategy could face a tidal outflow of $2.8 billion in passive funds.

Why was no action taken in the end? The core issue lies here: how should these companies be classified? As operating companies or as investment funds? Regulatory opinions are inconsistent, and the companies named have all strongly opposed the proposal.

The result is—postponement. Strategy stocks surged over 6% after hours. MSCI said they will continue to consult and are preparing to revisit the inclusion standards for non-operational companies. This adjustment is expected to be finalized in the February index review. In plain terms, this decision leaves more room for imagination regarding the integration of digital assets with traditional capital markets.