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Strategy Stock Won’t Get Booted From Indexes, MSCI Says. Why That’s Good News.
Shares in major investor Strategy were rising on Wednesday after MSCI iced a plan to exclude crypto treasury companies from its indexes. The stock, formerly known as MicroStrategy, jumped 4.1% to $164.50 ahead of the opening bell. Wednesday’s move came after MSCI said late Tuesday that following a consultation it had decided not to bar so-called digital-asset treasury companies, or DATCOs, from its indexes.
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