MSCI Decision Lifts Strategy. Why the Battle to Keep the Bitcoin Major in Indexes Isn't Over.

Key Takeaways Strategy shareholders haven't caught many breaks lately. They did this week. Index provider MSCI late Tuesday said it would not boot publicly traded companies with big holdings of digital assets such as bitcoin from its indexes—for now. Fans of Strategy (MSTR), the company made famous for stockpiling cryptocurrency, applauded the decision: Its stock was recently up about 4%, a bit off earlier highs. The news removed, or at least delayed, an overhang from Strategy's shares. MSCI last fall propo ...