MicroStrategy (MSTR) narrowly avoided a potentially devastating blow to its controversial Bitcoin (BTCUSD) treasury strategy when MSCI announced it would not exclude digital-asset treasury companies from its indexes after an intense review period.
The decision triggered a 2.5% surge in MSTR stock, valuing it at a market cap of $48.8 billion. The MSCI announcement offers temporary relief to investors who had watched the shares plummet by more than 50% in Q4 of 2025, as Bitcoin's value declined roughly 25% over the same period.
