ChainCatcher reports that, 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 27. This index covers large-cap and mid-cap U.S. stocks, representing approximately 85% of the U.S. free-float market capitalization. Inclusion in an index typically means access to automatic allocation inflows from passive funds and increased visibility among institutional investors.
Previously, MSCI, the index provider, had discussed whether to remove companies with more than 50% of their balance sheets allocated to crypto assets, specifically Digital Asset Reserve (DAT) companies. Strategy publicly opposed this, calling the proposal discriminatory, arbitrary, and unworkable. Ultimately, MSCI did not exclude DAT companies, allowing Strategy to remain within its index system.
