In a December 14 update, Strategy, the Bitcoin Treasury (DAT) issuer, reaffirmed it will remain a Nasdaq 100 constituent, preserving exposure to the benchmark. Michael Saylor echoed the stance on social platforms, signaling ongoing Bitcoin accumulation to address investor concerns. The note reinforces a long-term approach within a leading U.S. equity framework.

Industry observers describe Strategy‘s BTC-centric, long-term model as closer to an investment vehicle than a traditional operating company. The structure introduces governance and risk-clarity considerations for crypto balance-sheet strategies within large-cap indices.

MSCI has signaled possible exclusion of Bitcoin Treasury issuers from its global indices, with a mid-January decision anticipated on whether to remove Strategy and peers. A ruling could reshape index inclusion dynamics for Nasdaq-adjacent crypto plays amid ongoing sustainability discussions.