MSCI announced recently that it will postpone the assessment of digital asset management companies' status in its global investable market indexes, retaining the share of companies like Strategy Inc. holding over 400,000 Bitcoins until February 2026.

Previously, consulting firms questioned whether such companies are operating entities rather than investment funds. If classifications are adjusted, it could trigger large-scale sell-offs of passive funds worth trillions of dollars. MSCI's temporary decision effectively alleviated market suspense that had lasted for months.

Strategy's stock price rose by 6% after hours. However, upon closer inspection, this is more a result of maintaining the status quo—MSCI has retained the shares but explicitly stated it will not increase the weight, and further assessments are still needed. In the short term, it can be considered a positive signal, but it’s not a strong endorsement. The key issue remains how the 2026 assessment will be handled. Market uncertainty has temporarily eased, but the fundamental problem still exists.