MSCI may remove MicroStrategy stock from popular equity benchmarks by Jan. 15, potentially causing a significant drop in shares. JPMorgan estimates outflows could reach $8.8 billion if MSCI proceeds with the removal. MicroStrategy owns 650,000 Bitcoin and has seen its stock plunge nearly 43% in recent months. The company holds almost $8.2 billion in debt but has a low price-book ratio of 1x. CEO Phong Le mentioned the possibility of selling Bitcoin if necessary. Bitcoin’s future price will heavily impact MSTR stock, with analysts predicting a potential rally towards $99,000 if certain levels are surpassed.

Read more at Barchart: Dear MicroStrategy Stock Fans, Mark Your Calendars for January 15