Strategy Catches a Break from MSCI, But Analysts Caution Fight Isn't Over Yet

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Source: CryptoNewsNet Original Title: Michael Saylor’s Strategy catches a break from MSCI, but analysts caution fight isn’t over yet Original Link: https://cryptonews.net/news/finance/32236607/ Shares of Strategy (MSTR) rose nearly 6% in post-market trading on Tuesday after MSCI said it would not move forward—for now—with plans to exclude digital asset treasury firms from its indexes.

The move eases immediate pressure on companies like Strategy, which hold large amounts of bitcoin on their balance sheets but don’t directly operate in the blockchain sector. A formal exclusion from MSCI indexes could have pushed institutional investors to divest, reducing demand for the stock.

Still, analysts say the development may not be the end of the story.

“Consistent with what we’ve written previously, we are surprised by this clearly positive development,” wrote Lance Vitanza of TD Cowen. “What remains to be seen is whether this represents a victory for the defense or merely a stay of execution.” Vitanza rates MSTR stock a buy with a price target of $500, according to FactSet data.

BTC-2.61%
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