Shares of billionaire Michael Saylor’s Strategy rose in premarket trading on Wednesday, after MSCI dropped a plan to exclude the bitcoin hoarder and other crypto treasury firms from its indexes. Digital asset treasury companies, often called DATCOs, surged in popularity in 2025 as a wave of firms began holding crypto tokens such as bitcoin and ether as their main treasury assets, lifting prices and giving investors a proxy for direct exposure. “We believe the most likely middle ground is that MSCI continues to grandfather existing DATCOs already in the Indexes.”
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