Which indexes kept BTC treasuries?

TLDR

MSCIs global equity benchmarks kept companies with large Bitcoin treasuries (DATCOs) in their indexes, including the MSCI All Country World and Emerging Markets indexes, per a recent decision (MSCI decision coverage).

1. MSCI confirmed DATCOs remain eligible across its Global Investable Market Indexes (GIMI) for now (Yahoo Finance update).
2. DATCOs are defined as firms with digital assets at or above 50% of total assets (Cointelegraph summary).
3. MicroStrategy (MSTR), the largest corporate holder of Bitcoin (BTC), rallied after the decision (Cointelegraph recap).

Deep Dive

1. Which Indexes

MSCI kept digital?asset treasury companies in major equity benchmarks. Coverage explicitly cites MSCI All Country World Index (ACWI) and MSCI Emerging Markets (EM) as part of the decision set, with broader inclusion across the GIMI family (Bitcoin Magazine report; Yahoo Finance update).

• The decision defers any exclusions and leaves index eligibility unchanged through the February review cycle (Yahoo Finance update).
• DATCOs already included remain eligible under current rules while MSCI conducts a broader consultation on non?operating companies (Cointelegraph summary).

2. Definition and Scope

MSCIs review focused on companies whose digital assets represent at least 50% of total assets (DATCOs). The provider opted to maintain current treatment while it studies distinctions between investment?oriented entities and operating companies holding crypto as part of their business (Cointelegraph summary).

• The consultation outcome applies for the time being, avoiding immediate reclassification or removal of DATCOs from MSCIs global benchmarks (Yahoo Finance update).

3. Market Impact

Shares of prominent DATCOs like MicroStrategy (MSTR) rose on the decision, reflecting relief from potential forced passive outflows if exclusion had occurred (Cointelegraph recap).

• Earlier debate highlighted that removal could have induced substantial passive selling; deferral preserves status quo and reduces near?term index?linked pressure (Bitcoin Magazine report).

Conclusion

MSCI kept Bitcoin treasury companies in its flagship global indexes, notably ACWI and EM, maintaining passive index inclusion while it refines classification guidance. This stabilizes near?term flows and liquidity for major corporate BTC holders, though a future policy change remains possible pending broader consultation.