According to the source, JPMorgan warned that MicroStrategy (MSTR) could shed billions if removed from major stock indices, indicating significant deindexing risk for the stock. source: JPMorgan Research Index removal typically forces index-tracking funds to sell the constituent, which can drain liquidity and widen spreads in the affected shares. source: S&P Dow Jones Indices methodology Because MSTR is widely used as a Bitcoin proxy due to its sizable BTC treasury, elevated volatility or forced selling in MSTR could spill over to BTC-related equity baskets and BTC derivatives positioning. source: MicroStrategy investor relations; CME Group Traders should monitor index-provider review calendars and passive ownership concentration in MSTR to gauge potential timing and scale of flows. source: S&P Dow Jones Indices corporate actions policy; SEC 13F filings

According to @charliebilello, over the last year BTC returned +2%, MSTR fell 43%, and the 2x Long MicroStrategy ETF MSTU dropped 89%, creating a 91 percentage point performance gap between BTC and MSTU, source: @charliebilello on X, Nov 18, 2025. According to @charliebilello, this dispersion reinforces the message to know what you own and why you own it, source: @charliebilello on X, Nov 18, 2025. According to @charliebilello, for traders targeting Bitcoin exposure, the data show direct BTC exposure outperformed equity and leveraged proxies such as MSTR and MSTU over this period, source: @charliebilello on X, Nov 18, 2025.

According to @saylor, MicroStrategy's (MSTR) 10-day realized volatility has sunk to its lowest level since the company began its Bitcoin (BTC) acquisition strategy in 2020, a data point highlighted by Jeff Park of Bitwise Asset Management. The stock's implied volatility (IV) is also near historic lows at 48.33%, signaling market expectations for reduced price swings. For traders, this volatility compression may diminish MSTR's long-held appeal as a high-beta proxy for Bitcoin, potentially driving capital towards more volatile crypto-linked assets. Supporting this view, MSTR's BTC accumulation has slowed, with its latest weekly purchase being the smallest since March. The company currently trades at a 1.83x multiple to its Bitcoin net asset value (mNAV) and has paused its at-the-market equity offerings for four consecutive weeks, suggesting a potential shift in strategy and market perception.

According to Michael Saylor on Twitter, MSTR (MicroStrategy) has increased by more than 3000% since it adopted the Bitcoin Standard, highlighting the company's aggressive Bitcoin accumulation strategy and its significant impact on MSTR stock performance. Traders should note that MSTR's price movement remains closely correlated with Bitcoin, making it a leveraged proxy for Bitcoin exposure in equities markets (Source: Michael Saylor, Twitter, May 1, 2025).