Nothing to see here.
Just a 230 point collapse from the opening highs.

Reacting to the thread title, and remembering what caused that,

Don't be surprised if Trump announces strategic trading partnerships, wiping away tariffs that the court is ruling that way anyways, as a means of boosting the flagging economy.

The proxy for Bitcoin
Collapsing.

Anyone short?

People call MicroStrategy (ticker MSTR) "the proxy for Bitcoin" because its stock price is almost entirely tied to Bitcoin's performance. When Bitcoin falls sharply, MSTR tends to collapse even harder due to leverage and concentration risk.

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Why MSTR Is Seen as a Bitcoin Proxy

Massive Bitcoin Holdings:
MicroStrategy owns 649,870 Bitcoin at an average purchase price of about $74,433

Business Model Shift:
Originally a software company, CEO Michael Saylor transformed it into a leveraged Bitcoin holding vehicle starting in 2020.

Stock Behavior:
MSTR rises faster than Bitcoin in bull markets but falls harder in downturns, making it a highbeta proxy for BTC.


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Current Collapse Context (Nov 2025)

Bitcoin Price Drop:
Bitcoin has fallen to around $80,00083,000, down ~30% from recent highs

MSTR Stock Crash:
MSTR is down 40% in the past month and about 70% below its peak, trading near $170/share

Index Delisting Risk:
JPMorgan warns MSTR may be removed from major equity indices (like MSCI USA) because digital assets now exceed 50% of its total assets

If delisted, billions in forced selling could occur, worsening the collapse.

Leverage Problem:
MicroStrategy financed much of its Bitcoin buying with debt. Falling BTC prices magnify downside risk and threaten solvency.


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MSTR is not a normal tech stock anymore it's essentially a leveraged Bitcoin ETF in disguise.

Trading adds/delete was my job.

That's a pretty funny story!!
There's a lot of yahoos that are going to get "mugged".

Index money is huge volume.

ConcordTom said:

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Why MSTR is Seen as a Bitcoin proxy

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Im aware.

Im also aware that it could come out of the MSCI USA Index.

I knew you were, else you wouldn't have posted it.
I was posting the story for others, after educating myself.
Good post!

It's amusing to see Pac-10 and oski003 completely neglecting their crypto currency cheerleading duties these days.

Eastern Oregon Bear said:

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It's amusing to see Pac-10 and oski003 completely neglecting their crypto currency cheerleading duties these days.

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I'm sure they sold at the top

Eastern Oregon Bear said:

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It's amusing to see Pac-10 and oski003 completely neglecting their crypto currency cheerleading duties these days.

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I rarely cheer cryptocurrency and have not done so in months. Bitcoin, due to scarcity, is on a growth curve. Scroll out until you see it. Nonetheless, it is a volatile asset so please only invest what you can afford to lose.

oski003 said:

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Eastern Oregon Bear said:

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It's amusing to see Pac-10 and oski003 completely neglecting their crypto currency cheerleading duties these days.

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I rarely cheer cryptocurrency and have not done so in months. Bitcoin, due to scarcity, is on a growth curve. Scroll out until you see it. Nonetheless, it is a volatile asset so please only invest what you can afford to lose.

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I don't invest in things that appear to have no logical reason to be increasing in value. Crypto seems to me to be an investment that, like GameStop, was going up due to the emotional attachment of its supporters. That can work, but it's hard to know if and when the bubble will burst, so it's hard to know when to get out.