Here’s how bitcoin is entering investor portfolios through the back door - MarketWatch
1. JPMorgan finds $50 billion invested in MicroStrategy indirectly. 2. At least $14 billion of MSTR shares owned by mutual funds or ETFs. 3. Passive funds could challenge MSTR's valuation if index criteria change. 4. Preferred stock reliance introduces risks if bitcoin prices stagnate. 5. MSTR shares up 27% this year, driven by bitcoin's performance.