After MSCI announced that it would temporarily not remove digital asset management companies from its indices, MicroStrategy (MSTR)'s stock price rose nearly 6% in after-hours trading, easing the immediate pressure on companies holding large amounts of Bitcoin. Analysts see this as a positive development but also warn that it may not be permanent. TD Cowen's Lance Vitanza noted that this could be just a "temporary pause," while Benchmark's Mark Palmer stated that the broader issue of excluding non-operating companies has not yet been resolved.
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After MSCI announced that it would temporarily not remove digital asset management companies from its indices, MicroStrategy (MSTR)'s stock price rose nearly 6% in after-hours trading, easing the immediate pressure on companies holding large amounts of Bitcoin. Analysts see this as a positive development but also warn that it may not be permanent. TD Cowen's Lance Vitanza noted that this could be just a "temporary pause," while Benchmark's Mark Palmer stated that the broader issue of excluding non-operating companies has not yet been resolved.