Trading the Markets: January 07, 2026

Summary

Kris Bullock and Nico Brugge discuss the MSCI decision on MicroStrategy and digital asset treasury companies. MSCI avoided delisting but imposed a share-count cap that removes the passive bid from new share issuance. The hosts see a shift from DATs toward Bitcoin ETFs and potential sovereign adoption, while Bitcoin remains technically constructive after a short-term retest. They also cover Bitcoin miners pivoting toward AI/data-center power and the unresolved MicroStrategy situation.

• MSCI declined to delist MicroStrategy and other digital asset treasury companies.
• A new share-count cap removes the passive fund bid from new DAT share issuance.
• Kris expects institutional flows to move from DATs toward Bitcoin ETFs and possible sovereigns.
• Bitcoin is seen as still bullish medium-term, with near-term retests and CME gaps watched.
• Bitcoin miners are expected to pivot toward AI/data-center hosting and energy arbitrage.
• MicroStrategy remains a wait-and-see situation while MSCI review continues.
• The episode also promotes the Crypto Gathering event in Miami.