<p>作者：Emily Bary</p><p>Strategy 目前仍然可以留在 MSCI 指数中——尽管指数提供商表示将启动更广泛的审查，以确定投资导向的公司是否可以保留其位置。</p><p>Michael Saylor 的 Strategy 是比特币的主要企业持有者。</p><p>MSCI 在周二给 Strategy 投资者带来了一些缓解，因为这家加密货币持有公司将暂时留在各个指数中。</p><p>从表面上看，Strategy (MSTR) 是一家软件公司，尽管实际上该公司基本上已成为比特币 (BTCUSD) 的持有工具。人们担心 Strategy 的特殊性质会危及其在股票指数中的地位。</p><p>但 MSCI 在周二晚些时候表示，&#34;目前已决定不实施排除数字资产国库公司的提案&#34;，这是作为二月份审查的一部分。</p><p>周二，Strategy 的股票在盘后交易中上涨了 6.60%。提供比特币挖矿服务但也投资以太坊 (ETHUSD) 的 BitMine Immersion Technologies (BMNR) 的股票上涨了约 2%。</p><p>另见：购买比特币不再是这家大卫·贝克汉姆支持的健康公司的事情。</p><p>在短期内，这一公告消除了对 Strategy 股票的压力。Cantor Fitzgerald 分析师 Brett Knoblauch 上个月写道，关于 MSCI 指数潜在变化的担忧是&#34;有些合理的&#34;，因为这将迫使被动基金出售 Strategy 股票。</p><p>但 Strategy 并没有完全摆脱困境。MSCI 反而&#34;打算就非运营公司的一般处理进行更广泛的咨询，&#34;它在周二宣布。&#34;这一更广泛的审查旨在确保与 MSCI 指数的整体目标保持一致，并继续对运营公司的表现进行衡量，排除主要活动为投资导向的实体。&#34;</p><p>MSCI 指出，确定公司是否出于投资或运营原因持有数字资产或其他非运营资产&#34;需要进一步的研究和与市场参与者的咨询。&#34;</p><p>阅读：这些股票在 2025 年大幅下跌，但分析师预计在 2026 年有高达 65% 的上涨空间。</p><p>虽然 Strategy 在多个 MSCI 相关指数中，但该公司尚未在 S&amp;P 500 SPX 中占有一席之地，该指数由 S&amp;P Dow Jones Indices 管理。该公司符合 S&amp;P 500 的所有纳入要求，但选择由一个有权决定哪些合格候选人加入的委员会决定。</p><p>Stephens 分析师 Melissa Roberts 在 S&amp;P 500 12 月重新平衡公告之前写道，考虑到关于数字资产国库公司指数资格的问题，Strategy 获得该指数位置的&#34;几率可能低于同行。&#34;</p><p>不要错过：这家金融公司被纳入 S&amp;P 500 以取代 Kellanova。</p><p>自 7 月达到近期峰值以来，Strategy 的股票价值已损失约三分之二——反映出比特币价格的急剧下降，以及 Knoblauch 认为不必要的&#34;恐慌宣传&#34;，即该公司可能被迫出售部分比特币持有。</p><p>-Emily Bary</p><p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 独立于道琼斯新闻通讯和华尔街日报发布。</p><p>（完）道琼斯新闻通讯</p><p>01-06-26 1821ET</p>

MSTR

2 倍做空 MSTR ETF - Defiance

2 倍做空 MSTR ETF - T-Rex

南方两倍做多MSTR

南方两倍做空MSTR

<p>Strategy 的股票在盘后交易中上涨了 6.60%，这是因为 MSCI 宣布不会将数字资产国库公司排除在其指数之外，给投资者带来了宽慰。尽管人们对其作为比特币控股公司的不寻常性质表示担忧，MSCI 的决定缓解了 Strategy 股票的即时压力。然而，MSCI 计划对非运营公司进行更广泛的审查，这可能会影响 Strategy 未来的指数资格。自 7 月以来，该公司已失去三分之二的价值，反映了比特币价格的下跌以及市场对其持有资产的担忧</p>

<p>By Emily Bary</p>
<div class="lb-trans"><p>作者：Emily Bary</p>
</div><p>Strategy 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 spots</p>
<div class="lb-trans"><p>Strategy 目前仍然可以留在 MSCI 指数中——尽管指数提供商表示将启动更广泛的审查，以确定投资导向的公司是否可以保留其位置。</p>
</div><p>Michael Saylor's Strategy is a major corporate holder of bitcoin.</p>
<div class="lb-trans"><p>Michael Saylor 的 Strategy 是比特币的主要企业持有者。</p>
</div><p>MSCI offered some relief to Strategy investors on Tuesday, as the cryptocurrency holding company will get to stay in various indexes - for now.</p>
<div class="lb-trans"><p>MSCI 在周二给 Strategy 投资者带来了一些缓解，因为这家加密货币持有公司将暂时留在各个指数中。</p>
</div><p>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.</p>
<div class="lb-trans"><p>从表面上看，Strategy (MSTR) 是一家软件公司，尽管实际上该公司基本上已成为比特币 (BTCUSD) 的持有工具。人们担心 Strategy 的特殊性质会危及其在股票指数中的地位。</p>
</div><p>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.</p>
<div class="lb-trans"><p>但 MSCI 在周二晚些时候表示，&#34;目前已决定不实施排除数字资产国库公司的提案&#34;，这是作为二月份审查的一部分。</p>
</div><p>Strategy's stock was up about 5% 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%.</p>
<div class="lb-trans"><p>周二，Strategy 的股票在盘后交易中上涨了约 5%。提供比特币挖矿服务但也投资以太坊 (ETHUSD) 的 BitMine Immersion Technologies (BMNR) 的股票上涨了约 2%。</p>
</div><p>See also: Buying bitcoin is no longer a thing for this David Beckham-backed health company</p>
<div class="lb-trans"><p>另见：购买比特币不再是这家大卫·贝克汉姆支持的健康公司的事情。</p>
</div><p>In 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.</p>
<div class="lb-trans"><p>在短期内，这一公告消除了对 Strategy 股票的压力。Cantor Fitzgerald 分析师 Brett Knoblauch 上个月写道，关于 MSCI 指数潜在变化的担忧是&#34;有些合理的&#34;，因为这将迫使被动基金出售 Strategy 股票。</p>
</div><p>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;</p>
<div class="lb-trans"><p>但 Strategy 并没有完全摆脱困境。MSCI 反而&#34;打算就非运营公司的一般处理进行更广泛的咨询，&#34;它在周二宣布。&#34;这一更广泛的审查旨在确保与 MSCI 指数的整体目标保持一致，并继续对运营公司的表现进行衡量，排除主要活动为投资导向的实体。&#34;</p>
</div><p>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.</p>
<div class="lb-trans"><p>MSCI 指出，确定公司是否出于投资或运营原因持有数字资产或其他非运营资产&#34;需要进一步的研究和与市场参与者的咨询。&#34;</p>
</div><p>Read: These stocks fell hard in 2025, but analysts see as much as 65% upside for them in 2026</p>
<div class="lb-trans"><p>阅读：这些股票在 2025 年大幅下跌，但分析师预计在 2026 年有高达 65% 的上涨空间。</p>
</div><p>While 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.</p>
<div class="lb-trans"><p>虽然 Strategy 在多个 MSCI 相关指数中，但该公司尚未在 S&amp;P 500 SPX 中占有一席之地，该指数由 S&amp;P Dow Jones Indices 管理。该公司符合 S&amp;P 500 的所有纳入要求，但选择由一个有权决定哪些合格候选人加入的委员会决定。</p>
</div><p>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;</p>
<div class="lb-trans"><p>Stephens 分析师 Melissa Roberts 在 S&amp;P 500 12 月重新平衡公告之前写道，考虑到关于数字资产国库公司指数资格的问题，Strategy 获得该指数位置的&#34;几率可能低于同行。&#34;</p>
</div><p>Don't miss: This financial company was added to the S&amp;P 500 to replace Kellanova</p>
<div class="lb-trans"><p>不要错过：这家金融公司被纳入 S&amp;P 500 以取代 Kellanova。</p>
</div><p>Strategy'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.</p>
<div class="lb-trans"><p>自 7 月达到近期峰值以来，Strategy 的股票价值已损失约三分之二——反映出比特币价格的急剧下降，以及 Knoblauch 认为不必要的&#34;恐慌宣传&#34;，即该公司可能被迫出售部分比特币持有。</p>
</div><p>-Emily Bary</p>
<div class="lb-trans"><p>-Emily Bary</p>
</div><p>This 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.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 独立于道琼斯新闻通讯和华尔街日报发布。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>01-06-26 1821ET</p>
<div class="lb-trans"><p>01-06-26 1821ET</p>
</div>

由于投资者收到了一些急需的好消息，Strategy 的股票正在上涨