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Wall Street's MSTR Dump: Did JP Morgan Just Nuke Bitcoin's Favorite Proxy?Okay, let's get... Wall Street's MSTR Dump: Did JP Morgan Just Nuke Bitcoin's Favorite Proxy?
Okay, let's get one thing straight: Wall Street doesn't "dump" anything without a reason. And when they "dump" $5.38 billion worth of MicroStrategy (MSTR), you gotta wonder what the hell is really going on. I mean, seriously.
The Great MSTR Exodus of '25
So, the big boys – Capital International, BlackRock, Vanguard, Fidelity – all decided to trim their MSTR holdings in Q3 2025. We're talking close to a billion each. Now, the article says this happened while Bitcoin was doing relatively well, trading around $95,000. Which begs the question: why bail then?
Tom Lee from Bitmine Immersions thinks MSTR is becoming a crypto hedging tool. Okay, I guess that makes sense. If you can't directly short Bitcoin, you short the next best thing. MSTR, apparently, is that thing. According to Lee, “[Strategy] is probably the most important stock watch right now, because that is the Bitcoin proxy, it’s the most liquid name." Liquid, maybe, but also apparently, a target.
But let's be real. This whole "hedging" narrative feels kinda thin. Are we really supposed to believe that these massive institutions are using MicroStrategy as some kind of sophisticated risk management tool? Give me a break. It's Wall Street. They're probably just chasing the next shiny object, or maybe, just maybe, they know something we don't.
JP Morgan: Friend or Foe?
Then comes the fun part. The accusations. The crypto community is pointing fingers at JP Morgan, claiming they deliberately tanked the mstr price and bitcoin price. Apparently, JP Morgan quietly raised margin requirements for MSTR on July 7th, which, according to Empery Digital, caused all sorts of volatility and forced liquidations.
Is it true? Who knows? But the timing is definitely sus.
And then there's the MSCI index news. Word on the street is that MSCI might delist companies with over 50% of their balance sheet in crypto starting January 2026. Meaning, companies like MicroStrategy could get the boot. JPMorgan warns that exclusion could trigger about $2.8 billion in outflows from MSCI-tracking funds. Ouch.
Michael Saylor, bless his heart, is out there defending his baby, saying Strategy (formerly MicroStrategy) is more than just a Bitcoin play. It's a "real software business" generating $500 million a year. Okay, Mike, whatever you say.
The Boycott Brigade
The backlash is real. Adam B. Liv is calling for a full boycott of JP Morgan, bringing up some old Epstein-related dirt. Grant Cardone claims he pulled $20 million from Chase and is gearing up for legal action. Max Keiser is urging everyone to "Crash JP Morgan and buy MicroStrategy and Bitcoin.” This is getting interesting. According to some reports, JP Morgan Faces Boycott Calls After MicroStrategy’s MSTR Stock Crash: Story Explained.
Look, I don't know if JP Morgan is deliberately trying to kill MicroStrategy or not. Maybe it's just a coincidence. Maybe it's just the market doing its thing. But one thing's for sure: the crypto world is pissed. And when the crypto world gets pissed, things get weird.
So, What's the Real Story?
Honestly? It's probably a combination of factors. Wall Street is fickle, regulations are tightening, and JP Morgan… well, they've never exactly been friends of crypto, have they? Whether they intentionally manipulated the mstr stock price or not, the end result is the same: MicroStrategy is taking a beating, and Bitcoin is feeling the pain. And offcourse, the little guy is left holding the bag.