JPMorgan has highlighted potential risks for Microstrategy, suggesting the company could be removed from MSCI indices due to its equity underperformance. This exclusion could lead to approximately $2.8 billion in outflows. Microstrategy currently remains part of the Nasdaq 100, MSCI USA, and MSCI World indices, with about $9 billion in benchmark-linked capital tracking these indices. Despite these concerns, Microstrategy's executive chairman, Michael Saylor, reaffirmed the company's dedication to Bitcoin, emphasizing its role as a digital monetary institution. Saylor dismissed the idea that index classification should dictate the company's strategic direction.