**[Analysis: MSCI Temporarily Retains Strategy but Implements Freeze Mechanism to Weaken Index Fund Buying Effect]** BlockBeats News, January 8 — Global stock and ETF market benchmark provider MSCI has announced that it will temporarily not remove Bitcoin treasury company Strategy. However, MSCI has simultaneously implemented a technical freeze on the number of shares of these companies. MSCI explained: "MSCI will not increase the number of shares outstanding (NOS), foreign inclusion factor (FIF), or domestic inclusion factor (DIF) for these securities. Additionally, MSCI will postpone the inclusion of all securities on the preliminary list or any adjustments to size groupings." Through this decision, MSCI effectively cuts the link between new equity issuance and automatic purchases by passive index funds. This move means that the downside risk of "forced selling" triggered by passive funds within the index mechanism has been removed. However, at the same time, the "upward driving mechanism" originally inherent in index trading has also been dismantled. Due to MSCI's technical freeze blocking automatic purchases by index funds, Strategy will have to turn to active investors to secure new funding in the future. This poses a challenge to its model of relying on financing to continuously increase its Bitcoin holdings.