Why Index Inclusion Matters for Bitcoin Treasury Companies

[nihalsari]

MSCI defines digital asset treasury companies as firms holding crypto equal to 50% or more of total assets, a category that includes Strategy, which holds over 670,000 Bitcoin. Remaining in MSCI indexes ensures these companies continue to benefit from passive capital flows tied to index-tracking funds.

The decision comes amid growing scrutiny of crypto-heavy balance sheet strategies, which surged in popularity in 2024 and 2025 but faced skepticism later in the cycle. With more than 190 public companies now holding Bitcoin—and others adopting Ether and Solana treasuries—MSCI’s ongoing review could play a defining role in how Wall Street treats crypto-aligned corporations going forward.

[lingriiddd]

holding half your balance sheet in btc and still being an index stock is kinda wild