Another crypto firm joins MicroStrategy in MSCI index

Group 1 - The debate regarding the inclusion of crypto-heavy companies in major stock indices is ongoing, with recent discussions about removing digital asset treasury (DAT) companies that allocate over 50% of their balance sheets to cryptocurrencies [1][2] - Michael Saylor's MicroStrategy, now known as Strategy, opposed the MSCI's proposal to exclude DAT firms, arguing that it was discriminatory and unworkable, ultimately remaining in the index [2] - IREN Limited, a Bitcoin-focused company, is set to be added to the MSCI USA Index, which tracks a significant portion of the U.S. equity market, enhancing its visibility among institutional investors [4] Group 2 - IREN's co-founder highlighted that the company's inclusion in the MSCI USA Index reflects its scale and liquidity, which will broaden institutional access as it shifts towards an AI Cloud strategy [5] - Originally a renewable-powered Bitcoin miner, IREN is transitioning to an AI cloud infrastructure provider, having signed a $9.7 billion GPU cloud services contract with Microsoft [6] - In Q2 2025, IREN reported revenue of $184.7 million, missing forecasts by nearly 20% due to weaker Bitcoin mining revenue, leading to an 11.45% drop in stock price after the earnings release [7]