By Emily BaryStrategy gets to stay in MSCI indexes for now - though the index provider says it will launch a more general review of whether investment-oriented companies can keep their spotsMichael Saylor's Strategy is a major corporate holder of bitcoin.MSCI offered some relief to Strategy investors on Tuesday, as the cryptocurrency holding company will get to stay in various indexes - for now.On paper, Strategy (MSTR) is a software business, even though in practice the company has essentially become a holding vehicle for bitcoin (BTCUSD). There has been concern that Strategy's unusual nature would jeopardize its position in stock indexes.But MSCI said late Tuesday that it &#34;has determined at this time not to implement the proposal to exclude digital-asset treasury companies&#34; from its indexes as part of a February review.Strategy's stock was up 6.60% in after-hours trading on Tuesday. Shares of BitMine Immersion Technologies (BMNR), which offers bitcoin-mining services but also invests in ether (ETHUSD), were up about 2%.See also: Buying bitcoin is no longer a thing for this David Beckham-backed health companyIn the near term, the announcement removes an overhang on Strategy shares. Cantor Fitzgerald analyst Brett Knoblauch wrote last month that the concern about potential MSCI index changes was &#34;somewhat warranted&#34; as it would have forced passive funds to sell Strategy shares.But Strategy isn't out of the woods for good. MSCI instead &#34;intends to open a broader consultation on the treatment of non-operating companies generally,&#34; it announced on Tuesday. &#34;This broader review is intended to ensure consistency and continued alignment with the overall objectives of the MSCI Indexes, which seek to measure the performance of operating companies and exclude entities whose primary activities are investment-oriented in nature.&#34;Determining whether companies hold digital assets or other non-operating assets for investment versus operating reasons &#34;requires further research and consultation with market participants,&#34; MSCI noted.Read: These stocks fell hard in 2025, but analysts see as much as 65% upside for them in 2026While Strategy is in various MSCI-affiliated indexes, the company doesn't yet have a place in the S&amp;P 500 SPX, which is managed by S&amp;P Dow Jones Indices. The company meets all the requirements for inclusion in the S&amp;P 500, but selection is determined by a committee that has discretion about which eligible candidates to add.Stephens analyst Melissa Roberts wrote ahead of the S&amp;P 500's December rebalancing announcement that Strategy likely had &#34;lower odds&#34; than peers of getting a spot in the index, &#34;given questions regarding index eligibility of digital-asset treasury companies.&#34;Don't miss: This financial company was added to the S&amp;P 500 to replace KellanovaStrategy's stock has lost about two-thirds of its value since hitting its recent peak in July - reflecting a sharp decline in the price of bitcoin, as well as what Knoblauch thought to be unwarranted &#34;fear-mongering&#34; around the idea that the company could be forced to sell some of its bitcoin holdings.-Emily BaryThis content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.(END) Dow Jones Newswires01-06-26 1821ET

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Strategy's stock rose about 6.60% in after-hours trading after MSCI announced it would not exclude digital-asset treasury companies from its indexes, providing relief to investors. Despite concerns over its unusual nature as a bitcoin holding company, MSCI's decision alleviates immediate pressure on Strategy shares. However, MSCI plans a broader review of non-operating companies, which could impact Strategy's future index eligibility. The company has lost two-thirds of its value since July, reflecting bitcoin's price decline and market fears regarding its holdings.

Strategy's stock is rising as investors get some much-needed good news