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The MSCI Siege – How JPMorgan's Shadow War on Strategy Could Ignite the Bitcoin Revolution

Thread by Adrian Morris – @_Adrian

Posted November 28, 2025 • 28k+ views • 1.2k+ likes

 

Adrian, a hardcore member of the #StrategyArmy and MSTR HODLer community, framed the entire MSCI + JPMorgan saga as a three-act thriller.

Below is his full narrative, condensed and formatted for clarity, by Grok.

 

Act 1: The Quiet Invasion (October – mid-November 2025)

“MSCI dropped a velvet glove over a fiat iron fist on October 10. New proposed rule: if >50% of a company’s assets are in Bitcoin and it looks like a ‘crypto treasury’ instead of an operating business → potential removal from global equity indices.”

• Strategy (ex-MSTR) = 99% Bitcoin balance sheet → perfect target
• Delisting would trigger $3B–$11B of forced selling from passive funds
• Markets dipped hard that night, but almost nobody connected the dots at the time

Act 2: JPMorgan’s Dagger (November 20–25, 2025)

“Three bearish JPM notes in 48 hours wasn’t research — it was psychological warfare. Jamie Dimon doesn’t hate Bitcoin. He fears it.”

• Highlighted $2.8B–$11B potential outflows
• Called Strategy’s preferreds (STRK, STRF, etc.) “overleveraged gambles”
• Preferred yields spiked to 11.8%, stock down 12% in a single day
• Community accusation: JPM shorting the narrative while quietly accumulating via their own BTC products

Act 3: The Fan Counterstrike (November 26 – ongoing)

“Saylor’s response was the war cry. Strategy isn’t a vault — it’s an empire. $500M software revenue, $7.7B digital credit products, Stretch yields… this is checkmate.”

• MSCI final decision: January 15, 2026
• If Strategy wins → massive short squeeze, inflows reverse, “GME 2.0”
• Adrian’s call to action: Boycott JPM, HODL preferreds, keep building
• Epic closer: “Diamond hands win sieges.”

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Community impact: 892+ replies, reposted across 15+ Telegram/Discord channels, sparked daily “Siege Watch” Spaces. As of December 8, 2025, Strategy just bought another ~10,000 BTC, which fans are calling “Act 4: Defiance.”

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