Michael Saylor's Strategy (Nasdaq: MSTR) finally breathed a sigh of relief after MSCI announced it will not exclude digital asset treasuries (DATs) from its indices. Following the announcement, the MSTR stock surged more than 5% to trade at $166.50 on Jan. 7. Related: Michael Saylor's MicroStrategy sits on unrealized loss worth billions Understanding Strategy's Bitcoin model Saylor, along with Sanju Bansal and Thomas Spahr, founded MicroStrategy as a software firm in 1989. But when the co-founder and e ...

S&P Global Headquarters, New York City. Credit: Spencer Grant/GHI/UCG/Universal Images Group via Getty Images Key Takeaways By market capitalization, Strategy is one of the largest firms in America. However, it continues to be excluded from the S&P500. Most stock indexes disqualify firms that resemble investment funds. When S&P announced quarterly index updates on Monday, Nov. 24, Strategy (formerly Microstrategy) was overlooked once again in favor of flash memory maker SanDisk, which will join th ...