MicroStrategy continues to be the most important company holder of Bitcoin, sitting on roughly 649,870 BTC as of mid-November 2025. They purchased all of this for round 48.37 billion {dollars} complete, which places their common price at about 74,433 {dollars} per Bitcoin.
With Bitcoin dipping below 80k, issues are beginning to look uncomfortable for Michael Saylor and MicroStrategy. There’s additionally an actual threat that the corporate might be faraway from the Nasdaq-100 Index, which is what QQQ and lots of tech-focused ETFs monitor.
Why? As a result of MSCI, one of many greatest index suppliers on the earth, opened a session on whether or not firms whose digital belongings (like Bitcoin) make up greater than roughly half of their complete belongings ought to nonetheless be categorized as regular working firms. The ultimate choice is anticipated round January 15, 2026.
If MSCI decides to exclude these “digital asset treasury firms,” MicroStrategy could be faraway from MSCI indices. Analysts warn that this might set off $ 2.8 to $ 11.6 billion in compelled passive promoting.
The chance of this occurring is estimated to be between 80% and 95%. Some analysts imagine the result is already priced in, which could clarify a part of Bitcoin’s latest sharp drop.
If MSCI removes MicroStrategy, passive outflows may attain roughly $ 2.8 billion. If Nasdaq-100, FTSE Russell, and others observe MSCI’s lead (which JPMorgan estimates at a 70 to 90 p.c likelihood), complete compelled promoting may attain $8 to $11 billion, roughly 15 to twenty p.c of MicroStrategy’s market capitalization.
Regardless of all of this, Michael Saylor continues to purchase and maintain Bitcoin. He sees it as a long-term treasury technique. Nevertheless, within the brief to medium time period, this case would pose a serious headwind for the inventory on account of compelled promoting, diminished liquidity, and more difficult circumstances for elevating capital.
What Will Occur to MicroStrategy if Bitcoin Falls Underneath $74,000?
With every little thing occurring proper now, the one factor that might actually assist MicroStrategy is that if Bitcoin holds up higher than it at present is. Nevertheless, it’s not, and that’s the reason the chances of BTC dropping beneath 74k are fairly excessive.
If that occurs, MicroStrategy’s Bitcoin holdings would begin displaying an unrealized loss on paper. Since MSTR trades like a extremely leveraged Bitcoin proxy, the inventory would possible take one other main hit. It has already been sliding laborious in latest weeks, and mixed with the doable MSCI elimination, the scenario may get tough.
So is that this the top of MicroStrategy and Michael Saylor? No, completely not. There will likely be no compelled promoting or margin calls within the close to future. Most of MicroStrategy’s roughly 8 billion {dollars} in debt is in convertible notes that don’t mature till 2027 by way of 2032.
MicroStrategy has already survived far worse twice earlier than, particularly in 2022 when folks genuinely believed chapter was on the desk. Presently, the corporate’s Bitcoin stack stays deeply worthwhile, its debt construction is the cleanest it has ever been, and the one important new risk is index exclusion.
They’ll say we obtained fortunate.
— Michael Saylor (@saylor) November 20, 2025
That might damage the inventory due to compelled passive promoting. Nevertheless, it doesn’t threaten the corporate itself, nor does it drive them to promote their Bitcoin. Although it’s possible Saylor will not be going wherever. Lengthy stay Bitcoin.
DISCOVER: Greatest Meme Coin ICOs to Spend money on 2025
Be part of The 99Bitcoins Information Discord Right here For The Newest Market Updates
Key Takeaways
MicroStrategy faces actual strain from the MSCI index overview and a possible drop below 74k. However none of it forces them to promote Bitcoin or threatens the corporate’s survival.
MSTR might even see heavy compelled promoting and inventory volatility. But its debt is long-term, its BTC stack continues to be worthwhile, and Saylor stays totally dedicated to holding.
Why you’ll be able to belief 99Bitcoins
Established in 2013, 99Bitcoin’s group members have been crypto consultants since Bitcoin’s Early days.
90hr+
Weekly Analysis
100k+
Month-to-month readers
50+
Professional contributors
2000+
Crypto Initiatives Reviewed
Comply with 99Bitcoins in your Google Information Feed
Get the newest updates, traits, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
