IREN to be Included in MSCI USA Index, Bringing Crypto Firm Back to Mainstream Equity Index System

BlockBeats News, February 13th, following Strategy, another company with Bitcoin as its core business has been included in the mainstream stock index system.

IREN Limited (NASDAQ: IREN) announced that it will be included in the MSCI USA Index after the close on February 27th. The index covers large and mid-cap stocks in the U.S., accounting for approximately 85% of the U.S. free float market capitalization. Being included in the index usually means receiving passive fund automatic allocation inflows and increasing visibility among institutional investors.

Previously, index provider MSCI had discussed whether to exclude Digital Asset Treasury (DAT) companies with over 50% of their balance sheet allocated to cryptocurrency assets. In response, Strategy had openly opposed the proposal, stating that the related suggestion was "discriminatory, arbitrary, and unfeasible." In the end, MSCI did not exclude DAT companies, allowing Strategy to remain within the index system.