Michael Saylor’s firm faces potential delisting from major equity indices like the Nasdaq 100 and MSCI USA due to concerns over its business model reliant on Bitcoin accumulation. This could result in a significant loss for investors with an estimated outflow of $2.8 billion if MSCI finalizes the delisting, according to recent evaluations. Institutional investors are raising concerns about the firm’s classification as they perceive it more like a digital currency fund rather than a traditional company. JPMorgan analysts have warned that this could send a negative signal and reduce liquidity for the firm. 2023 has seen a drastic decrease in the firm’s valuation, following a sharp decline of over 60% since peaking in November last year. Michael Saylor continues to purchase Bitcoin with his company buying $835.6 million worth of the cryptocurrency just recently. With shares highly unstable and market cap hovering close to Bitcoin’s net asset value, investors await clarity on potential index inclusion. A decision is expected by January 15th.