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STRATEGY TO THE S&P 500 BECAUSE IT'S INEVITABLE Everyone thinks MSTR’s S&P 500 path is just “Bitcoin goes up, number goes up.” Wrong. This is about Strategy turning from a deranged Bitcoin trebuchet into an institutionally legible capital markets weapon. GAAP profitability. Convertible debt cleanup. USD liquidity reserves. Passive index flows. And the hilarious possibility that the world’s most boring retirement portfolios may eventually be forced to own amplified Bitcoin exposure in a suit and tie. STRATEGY WORLD DOMINATION IS INEVITABLE:

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