MSCI released a key signal in its official statement on January 6th. The global index provider explicitly stated that it will continue to include publicly listed companies like MicroStrategy, which have strategic positions in the crypto space, within its global index system to ensure investors can gain exposure through passive funds.

However, there are conditions—MSCI has frozen the weight adjustments and scale changes of these companies in the index and will not consider adding other similar companies in the short term.

Interestingly, on the eve of this announcement, market sentiment was already shifting. On Polymarket, the probability of MicroStrategy being removed from the index once surged but then quickly dropped to a low of 11%—the market was betting that MSCI would make a compromise.

After MSCI's final decision was announced, MicroStrategy's official account immediately celebrated, and its stock price on the US stock market rose by 6% in response. This reflects investors' emphasis on the index retention rights and the market's desire for policy stability. From the expectation reversal to actual implementation, the entire process clearly illustrates the emotional changes in the financial market through data.