According to MSCI's decision, Michael Saylor's strategy has increased; however, analysts continue to monitor the situation closely, maintaining a high level of concern.

MSCI’s decision not to exclude digital asset treasury firms from its indices for now has caused a significant shift in the market. According to the MSCI statement, the company has decided to wait for further consultations before making any policy changes. This directly impacted MicroStrategy (MSTR), the well-known company managed by Michael Saylor that allocates a large portion of its assets in Bitcoin.

Immediate Impact: Stock of Strategy Rises

MicroStrategy’s shares increased by nearly 6% in post-market trading following the news. The market’s positive response reflects the sentiment that institutional investors may be preparing for potential exclusion. Companies like Strategy, which have built substantial Bitcoin treasuries as part of their corporate strategy, are not yet seeing a change in their index inclusion status—at least for now.

This figure reflects a deeper shift in how the market perceives companies investing in digital assets. Bitcoin’s price, starting at $78,720.01, continues to move upward, further boosting the appeal of cryptocurrency holdings like those of Strategy. Currently, BTC has reached $78,820, indicating ongoing momentum in the crypto market.

Deeper Concerns: Analysts’ Long-Term Promises

But the story doesn’t end there. Senior analysts from leading investment firms share a more cautious perspective. Mark Palmer of Benchmark, who has a buy rating on MSTR and a target price of $705, views the news as positive but notes an important caveat: “MSCI’s decision to consider excluding companies that do not operate directly in the crypto space means the fight is not over yet.”

This statement points to a larger risk. MSCI could change its policy in the future based on various factors, including clearer regulatory clarity or shifts in the fundamental understanding of the role of digital assets in corporate treasury management. If that happens, Strategy and similar companies could face a new round of scrutiny.

Two Perspectives on Strategy’s Future

Lance Vitanza of TD Cowen offered a more measured stance. “According to our previous analysis, we were quite surprised by this positive outcome,” Vitanza said, with a buy rating and a target price of $500 for the stock. But his observation also raises a third question: “The key question is whether this is a true victory for Strategy’s defense, or just a temporary reprieve.”

The difference in target prices—$705 for Palmer versus $500 for Vitanza—shows that the market still expects a higher level of uncertainty. Vitanza’s lower target reflects a more cautious approach to the company’s long-term prospects.

The Bigger Picture: Digital Asset Treasury Under Scrutiny

The significance of the MSCI decision extends beyond MicroStrategy. The market is examining how investment indices will support companies that use digital assets as a core component of their treasury strategy. In line with various corporate trends, many large firms are beginning to accumulate Bitcoin and other crypto assets.

If MSCI changes its policy to more strictly exclude digital asset treasury firms, it could trigger more institutional divestment. Such a scenario would not only impact Strategy but also the entire ecosystem of corporate cryptocurrency adoption.

Conclusion: Cautious Optimism

Currently, the market shows cautious optimism. The 6% rally is positive for holders, but analysts warn investors to be prepared for more twists in this story. MSCI’s decision is not the final word—it is just one chapter in the longer story of how digital assets will become integrated into mainstream financial markets.

MicroStrategy and similar companies remain focused on their Bitcoin strategies, but ultimate success depends on how index provider policies evolve and how regulatory environments respond to these new trends in corporate finance.