A while ago, MSCI proposed that starting in 2026, companies with digital asset holdings exceeding 50% of their total assets would be removed from its index, directly targeting a bunch of DAT companies led by MicroStrategy. This caused panic and market instability. However, in the latest annual Nasdaq-100 Index released yesterday, MicroStrategy did not appear on the removal list, meaning at least half of the bearish sentiment has dissipated. MSCI will review this month whether to retain MicroStrategy, with the final decision expected to be announced in January next year. The Nasdaq-100 Index has set an example this time, which should put considerable pressure on MSCI. If MSCI also decides to retain MicroStrategy next year, this bearish sentiment will completely disappear.