MSCI has decided not to remove DAT from the index for the time being, and MSTR rose 6.58% in after-hours trading

MSCI announced that it has currently decided not to implement the proposal to exclude Digital Asset Reserve Companies (DATCOs) from the MSCI Global Investable Market Index (MSCI Index) in the February 2026 index review.

MSCI plans to initiate a broader consultation regarding the treatment of general non-operating companies. This broader review aims to ensure consistency and to remain aligned with the overall objective of the MSCI Index, which is to measure the performance of operating companies and exclude entities that are primarily investment-oriented in nature.

Distinguishing investment companies from other companies (the latter holding non-operating assets, such as digital assets, as part of their core operations rather than for investment purposes) requires further study and consultation with market participants. For example, assessing the index eligibility of various types of such entities may require additional inclusion assessment criteria, such as financial statement-based metrics or other indicators.

According to Bitget TradFi data, in response to this news, Strategy (MSTR) rose 6.58% in after-hours trading.