MSCI Threatens MicroStrategy’s Place in Major Indexes as JPMorgan Warns of Billions in Bitcoin-Linked Outflows
Published: November 21, 2025 MicroStrategy – now doing business as Strategy Inc. – is facing the biggest test yet of its high‑stakes Bitcoin treasury gamble. A new proposal from index provider MSCI and a stark warning from JPMorgan have ignited fears that the “Bitcoin giant” could be kicked out of major equity benchmarks, with knock‑on effects for Bitcoin itself, passive index funds, and S&P 500 inclusion hopes. CoinDesk+1