MSTR stock rose by over 6% in extended hours as investors cheered MSCI’s decision on digital-asset treasury (DAT) companies. It jumped to a high of $168, well above this year’s low of $155.20.
MSCI to Maintain DAT Companies in Its Indexes
Michael Saylor’s Strategy will remain in indexes created by MSCI, one of the top financial services companies in the United States. This is a major development, as the company had warned that it would remove these companies from indices because they operate as funds.
It is also a major development as it means that fund managers holding Strategy will not be forced to sell the shares. Some analysts believe that the forced selling could be worth over $15 billion.
Saylor and other top players in the industry argued hard against the potential exclusion. In Strategy’s case, he argued that it was an operating company that had opted to allocate most of its balance sheet to Bitcoin.
Also, he argued that the exclusion would have been discriminatory, as MSCI maintained companies that had diversified their assets into other areas, such as land and oil.
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The MSCI review was one of the main reasons the MSTR stock price crashed in the fourth quarter, reaching a low of $155, well below last year’s high of $457.
Looking ahead, MSTR, which was the worst performer in the Nasdaq 100 Index in 2025, will react to the performance of Bitcoin, which has lost momentum in the past few hours. Bitcoin price was trading at $92,385 on Wednesday after hitting a major resistance at $94,300.
A strong Bitcoin rebound will be bullish for the stock as it will help boost the value of its Bitcoin holdings. It will also push investors to buy the dip, considering that it has become a bargain, with its mNAV multiples moving below 1.
MSTR Stock Price Technical Analysis
The 12-hour timeframe chart shows that the MSTR stock price has remained under pressure in the past few months. It formed a bottom at $155 and then bounced back in the extended hours after the MSCI decision.
There are signs that the stock has formed a double bottom, a common bullish reversal pattern. Therefore, there is a likelihood that the stock will rebound to the key $200 resistance level. This rebound, however, will depend on Bitcoin’s performance.
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