MSTR vs. JP Morgan Chase
The Empire struck back.
On November 20, 2025, while Bitcoin bled from its $126,000 throne, JP Morgan — the Death Star of Wall Street — fired its torpedo: a research note titled “MicroStrategy Faces Imminent Index Exile.”
In cold, surgical language, the bank decreed that the Bitcoin Colossus — holder of 650,000 BTC, nearly 3% of all Bitcoin that will ever exist — was destined for banishment from the major indices.
Billions in forced selling would follow.
The flywheel that turned shareholder paper into perpetual Bitcoin would shatter.
Michael Saylor’s decade-long war on