IREN to be included in MSCI US Index, marking another step for crypto companies into mainstream stock index systems.

According to Mars Finance, on February 13th, following Strategy, another company with Bitcoin as its core business has been included in a mainstream stock index system. IREN Limited (NASDAQ: IREN) announced that it will be included in the MSCI USA Index after the market closes on February 27th. This index covers large-cap and mid-cap stocks in the United States, representing approximately 85% of the free-float market capitalization of the US. Inclusion in an index typically means receiving inflows of automatic allocation funds from passive funds and increased visibility among institutional investors. Previously, MSCI, the index compiler, had discussed whether to exclude companies with more than 50% of their balance sheets allocated to crypto assets (DAT). Strategy publicly opposed this, calling the proposal "discriminatory, arbitrary, and unworkable." Ultimately, MSCI did not exclude DAT companies, allowing Strategy to remain in the index system.