Index Adjustment Delay Sparks Market Optimism
Shares of Strategy (MSTR) rose nearly 6% after MSCI announced it would not immediately exclude companies holding digital assets but not actively engaged in blockchain operations.
Short-Term Relief, Long-Term Uncertainty
The decision grants temporary relief to firms like Strategy, yet analysts caution that underlying risks remain. A future policy change could force institutional investors to reduce holdings.
Analyst Insights
- Lance Vitanza of TD Cowen described the move as possibly granting a 'reprieve,' not a permanent resolution.
- He currently maintains a 'Buy' rating on MSTR with a $500 price target.