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MSCI Consults on Bitcoin-Heavy Index Exclusion Amidst JPMorgan Concerns
Key Points:
- MSCI is considering excluding companies with 50% or more of their balance sheet in $BTC from major indexes, impacting companies like Strategy ($MSTR).
- JPMorgan issued a bearish note on $MSTR, estimating potential forced selling of about $2.8 billion due to MSCI's consultation.
- This has sparked narratives including rumors of institutions shorting $MSTR and a boycott against JPMorgan.
- Michael Saylor argues that Strategy is misclassified by MSCI as it is not just a Bitcoin fund but a functional company.
- The uncertainty around MSCI's decision affects liquidity for companies related to Bitcoin proxies, prompting shifts towards pure-play Bitcoin infrastructure like Bitcoin Hyper ($HYPER).
- Bitcoin Hyper aims to enhance Bitcoin scalability through a Layer-2 solution, using the $HYPER token for transactions and governance.
- Bitcoin Hyper's presale has raised over $28.45 million, with significant whale investments, indicating strong interest.
- Staking APY for $HYPER is currently at 41%, with plans for mainnet launch and exchange listings around Q4 2025/Q1 2026.