According to @Andre_Dragosch, JPMorgan’s market cap is about $811 billion while MicroStrategy (MSTR) is around $50 billion, framing a relative-value setup for BTC-linked equity exposure. Source: @Andre_Dragosch (X, Nov 24, 2025). He states that if BTC rises 10x from current levels and MSTR trades at 2x modified NAV, MSTR’s valuation could approximate JPM’s over a 5–10 year horizon. Source: @Andre_Dragosch (X, Nov 24, 2025). He adds that this outcome is quite likely within the next 5–10 years in his view. Source: @Andre_Dragosch (X, Nov 24, 2025).