JPMorgan just issued a warning to MicroStrategy about dividend-driven selloffs.
MSTR holds 847K $BTC — that's roughly 4% of the total supply. JPM's concern? If institutions start dumping MSTR shares to capture dividends elsewhere, it could trigger cascading pressure on both the stock and Bitcoin itself.
This isn't just about Saylor's conviction anymore. It's about how much institutional money is parked in MSTR as a proxy play, and what happens when that money rotates out.
Watch MSTR's premium to NAV. If it compresses hard, we could see forced deleveraging or margin calls that ripple into spot $BTC.
Macro matters. Liquidity matters. Position accordingly.
MSTR holds 847K $BTC — that's roughly 4% of the total supply. JPM's concern? If institutions start dumping MSTR shares to capture dividends elsewhere, it could trigger cascading pressure on both the stock and Bitcoin itself.
This isn't just about Saylor's conviction anymore. It's about how much institutional money is parked in MSTR as a proxy play, and what happens when that money rotates out.
Watch MSTR's premium to NAV. If it compresses hard, we could see forced deleveraging or margin calls that ripple into spot $BTC.
Macro matters. Liquidity matters. Position accordingly.