JAN 15: THE $9B MICROSTRATEGY PURGE
MicroStrategy holds 649,870 BTC — 77% of its entire value.
On January 15, 2026, MSCI kicks MSTR out of all major indexes. It’s already final.
What comes next?
• $9B in forced selling from pensions, ETFs, and index funds within 72 hours
• Premium gone — MSTR now trades at 1.11× its BTC value, the lowest since 2020
• The reflexive loop is dead: no premium = no more raising money to buy BTC
• JPMorgan already confirmed: the math doesn’t work anymore
• MSTR becomes a Bitcoin fund, likely trading at a 10–20% discount
• Liquidity drops, volume shrinks — just like old Grayscale
• Bitcoin ETFs win. Capital flows there instead.
The corporate Bitcoin era ends not with a crash… but with an index rulebook.

BTCUSDT
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