<p>作者：Emily Bary</p><p>Strategy 目前仍然可以留在 MSCI 指數中——儘管指數提供商表示將啓動更廣泛的審查，以確定投資導向的公司是否可以保留其位置。</p><p>Michael Saylor 的 Strategy 是比特幣的主要企業持有者。</p><p>MSCI 在週二給 Strategy 投資者帶來了一些緩解，因為這家加密貨幣持有公司將暫時留在各個指數中。</p><p>從表面上看，Strategy (MSTR) 是一家軟件公司，儘管實際上該公司基本上已成為比特幣 (BTCUSD) 的持有工具。人們擔心 Strategy 的特殊性質會危及其在股票指數中的地位。</p><p>但 MSCI 在週二晚些時候表示，&#34;目前已決定不實施排除數字資產國庫公司的提案&#34;，這是作為二月份審查的一部分。</p><p>週二，Strategy 的股票在盤後交易中上漲了 6.60%。提供比特幣挖礦服務但也投資以太坊 (ETHUSD) 的 BitMine Immersion Technologies (BMNR) 的股票上漲了約 2%。</p><p>另見：購買比特幣不再是這家大衞·貝克漢姆支持的健康公司的事情。</p><p>在短期內，這一公告消除了對 Strategy 股票的壓力。Cantor Fitzgerald 分析師 Brett Knoblauch 上個月寫道，關於 MSCI 指數潛在變化的擔憂是&#34;有些合理的&#34;，因為這將迫使被動基金出售 Strategy 股票。</p><p>但 Strategy 並沒有完全擺脱困境。MSCI 反而&#34;打算就非運營公司的一般處理進行更廣泛的諮詢，&#34;它在週二宣佈。&#34;這一更廣泛的審查旨在確保與 MSCI 指數的整體目標保持一致，並繼續對運營公司的表現進行衡量，排除主要活動為投資導向的實體。&#34;</p><p>MSCI 指出，確定公司是否出於投資或運營原因持有數字資產或其他非運營資產&#34;需要進一步的研究和與市場參與者的諮詢。&#34;</p><p>閲讀：這些股票在 2025 年大幅下跌，但分析師預計在 2026 年有高達 65% 的上漲空間。</p><p>雖然 Strategy 在多個 MSCI 相關指數中，但該公司尚未在 S&amp;P 500 SPX 中佔有一席之地，該指數由 S&amp;P Dow Jones Indices 管理。該公司符合 S&amp;P 500 的所有納入要求，但選擇由一個有權決定哪些合格候選人加入的委員會決定。</p><p>Stephens 分析師 Melissa Roberts 在 S&amp;P 500 12 月重新平衡公告之前寫道，考慮到關於數字資產國庫公司指數資格的問題，Strategy 獲得該指數位置的&#34;幾率可能低於同行。&#34;</p><p>不要錯過：這家金融公司被納入 S&amp;P 500 以取代 Kellanova。</p><p>自 7 月達到近期峯值以來，Strategy 的股票價值已損失約三分之二——反映出比特幣價格的急劇下降，以及 Knoblauch 認為不必要的&#34;恐慌宣傳&#34;，即該公司可能被迫出售部分比特幣持有。</p><p>-Emily Bary</p><p>此內容由 MarketWatch 創建，MarketWatch 由道瓊斯公司運營。MarketWatch 獨立於道瓊斯新聞通訊和華爾街日報發佈。</p><p>（完）道瓊斯新聞通訊</p><p>01-06-26 1821ET</p>

MSTR

2 倍做空 MSTR ETF - Defiance

2 倍做空 MSTR ETF - T-Rex

南方兩倍做多MSTR

南方兩倍做空MSTR

<p>Strategy 的股票在盤後交易中上漲了 6.60%，這是因為 MSCI 宣佈不會將數字資產國庫公司排除在其指數之外，給投資者帶來了寬慰。儘管人們對其作為比特幣控股公司的不尋常性質表示擔憂，MSCI 的決定緩解了 Strategy 股票的即時壓力。然而，MSCI 計劃對非運營公司進行更廣泛的審查，這可能會影響 Strategy 未來的指數資格。自 7 月以來，該公司已失去三分之二的價值，反映了比特幣價格的下跌以及市場對其持有資產的擔憂</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 指數中——儘管指數提供商表示將啓動更廣泛的審查，以確定投資導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 是比特幣的主要企業持有者。</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 在週二給 Strategy 投資者帶來了一些緩解，因為這家加密貨幣持有公司將暫時留在各個指數中。</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>從表面上看，Strategy (MSTR) 是一家軟件公司，儘管實際上該公司基本上已成為比特幣 (BTCUSD) 的持有工具。人們擔心 Strategy 的特殊性質會危及其在股票指數中的地位。</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 在週二晚些時候表示，&#34;目前已決定不實施排除數字資產國庫公司的提案&#34;，這是作為二月份審查的一部分。</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>週二，Strategy 的股票在盤後交易中上漲了約 5%。提供比特幣挖礦服務但也投資以太坊 (ETHUSD) 的 BitMine Immersion Technologies (BMNR) 的股票上漲了約 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>另見：購買比特幣不再是這家大衞·貝克漢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>在短期內，這一公告消除了對 Strategy 股票的壓力。Cantor Fitzgerald 分析師 Brett Knoblauch 上個月寫道，關於 MSCI 指數潛在變化的擔憂是&#34;有些合理的&#34;，因為這將迫使被動基金出售 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 並沒有完全擺脱困境。MSCI 反而&#34;打算就非運營公司的一般處理進行更廣泛的諮詢，&#34;它在週二宣佈。&#34;這一更廣泛的審查旨在確保與 MSCI 指數的整體目標保持一致，並繼續對運營公司的表現進行衡量，排除主要活動為投資導向的實體。&#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，確定公司是否出於投資或運營原因持有數字資產或其他非運營資產&#34;需要進一步的研究和與市場參與者的諮詢。&#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>閲讀：這些股票在 2025 年大幅下跌，但分析師預計在 2026 年有高達 65% 的上漲空間。</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>雖然 Strategy 在多個 MSCI 相關指數中，但該公司尚未在 S&amp;P 500 SPX 中佔有一席之地，該指數由 S&amp;P Dow Jones Indices 管理。該公司符合 S&amp;P 500 的所有納入要求，但選擇由一個有權決定哪些合格候選人加入的委員會決定。</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 分析師 Melissa Roberts 在 S&amp;P 500 12 月重新平衡公告之前寫道，考慮到關於數字資產國庫公司指數資格的問題，Strategy 獲得該指數位置的&#34;幾率可能低於同行。&#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>不要錯過：這家金融公司被納入 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 月達到近期峯值以來，Strategy 的股票價值已損失約三分之二——反映出比特幣價格的急劇下降，以及 Knoblauch 認為不必要的&#34;恐慌宣傳&#34;，即該公司可能被迫出售部分比特幣持有。</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>此內容由 MarketWatch 創建，MarketWatch 由道瓊斯公司運營。MarketWatch 獨立於道瓊斯新聞通訊和華爾街日報發佈。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道瓊斯新聞通訊</p>
</div><p>01-06-26 1821ET</p>
<div class="lb-trans"><p>01-06-26 1821ET</p>
</div>

由於投資者收到了一些急需的好消息，Strategy 的股票正在上漲