An interesting market signal is that MSCI has decided to continue including companies that heavily allocate to Bitcoin in its indices. This decision sends a somewhat profound message—MSCI explicitly states that it will differentiate these types of companies from traditional investment institutions, effectively endorsing a new paradigm of asset allocation.

MicroStrategy's recent actions precisely confirm this trend. The company has spent another $116 million to buy Bitcoin, increasing its holdings by 1,286 coins. In total, the company's Bitcoin holdings now reach 673,783 coins, with an average cost of approximately $50,500 per coin. This continuous buying stance, combined with MSCI's attitude shift, has directly driven up the stock price.

It is worth noting that Wall Street analysts are quite consistent in their outlook on this company—target prices generally point upward, implying that the market believes there is still considerable upside potential. Rather than being just a stock story, this reflects a reorientation of institutional capital towards Bitcoin asset allocation.