As reported by Biji.com, JPMorgan reported that MicroStrategy's recent underperformance against Bitcoin is largely due to the risk of being excluded from key indices. MSCI may remove the company from its key index in a decision on January 15. The bank estimates that if MicroStrategy is excluded, it could lead to $2.8 billion in passive outflows, potentially rising to $8.8 billion if other providers follow suit, which would tie the company's valuation almost entirely to its Bitcoin holdings. The stock rose 3.5% in pre-market trading to around $193.
JPMorgan Warns MSCI's Decision Could Exclude MicroStrategy from Top Stock Indexes
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