Michael Saylor’s Strategy is staring at one of its biggest tests yet as the stock risks being dropped from major benchmarks that helped pull its Bitcoin bet into mainstream portfolios. In a note this week reported by Bloomberg, JPMorgan analysts said Strategy risked being dropped from MSCI USA and the Nasdaq 100. They estimated that MSCI removal alone could trigger up to $2.8B in outflows, with more if other index providers follow. Passive funds tied to the company already account for nearly $9B in marke ...