#MSCI未来或纳入数字资产财库企业 The "Buffer Period" for Institutional Tracks

Good news is here. Global index giant MSCI announced that it will not remove "Digital Asset Treasury Companies" (DATCOs) from its indices for now, with the comprehensive assessment period extended to February 2026.

Why is this so critical? Simply put, companies like Strategy that treat Bitcoin as their primary asset reserve have finally secured the qualification to enter mainstream indices. Many people were worried that once kicked out, passive funds tracking these indices might sell off en masse, causing a chain reaction worth billions of dollars.

From a market perspective, there are several key changes:

First, a "mine" has been temporarily removed. Institutional funds, especially those tracking MSCI, now face less pressure to allocate to these companies.

Second, DATCOs have gained a breathing space. During this period, they can seriously explore how to move beyond relying solely on coin price fluctuations and develop more resilient business logic.

Furthermore, although this is just a "delay," it also signals that the traditional financial system is beginning to seriously consider how to classify and define these new types of companies, which in itself is an implicit form of recognition.

But don’t get too excited. This is not a permanent pass. MSCI is still pondering what standards would be clear and feasible. By February next year, these companies will need to demonstrate real capability—prove their long-term viability, not just bet on Bitcoin’s price going up.

Interestingly, while traditional finance debates how to define digital asset companies, the blockchain-native world is already experimenting with entirely new organizational forms. For example, projects driven by communities rather than issuing stocks, whose value isn’t measured solely by financial reports but by how much real, sustainable social impact they can create. Perhaps this is the purest form of crypto ideals.