MicroStrategy is actively communicating with MSCI concerning a potential exclusion from its indices, with Chairman Michael Saylor confirming his involvement in the process. A final decision by MSCI is expected on January 15, which could significantly impact the company's financing capabilities and investment appeal. JPMorgan identifies this upcoming decision as a pivotal catalyst, noting MSTR must maintain an EV/BTC ratio > 1.0 (currently 1.13). Previous context highlights potential exclusion risks and a drop in MSTR's correlation with Bitcoin, signaling a shift to company-specific drivers. Index inclusion could trigger passive inflows and a rebound, while exclusion remains a risk factor monitored by analysts. [Update 1] Market analysis suggests a 35% probability for MicroStrategy's inclusion in the MSCI index on January 15. Unlike the S&P 500, which utilizes discretionary rejection criteria, MSCI relies on GICS classification standards that MicroStrategy reportedly already meets. Projections indicate that inclusion could trigger approximately $23 billion in passive inflows into the stock, a significant liquidity event.