JPMorgan Warns Strategy Faces $2.8B Liquidation Risk from MSCI Index Removal

JPMorgan estimates Strategy, a Bitcoin treasury company, faces $2.8 billion in liquidations if MSCI removes it from its indexes. MSCI announced on October 15 that nonoperating companies are ineligible for indexing, with the official list out November 11 and rules effective after November 30 close. Strategy holds 848,250 BTC. MSTR fell 1.83% to $148.52 after hours, while STRC dropped 0.18% to $99.35.