NEW: JPMorgan warns that Strategy’s rapid rise and aggressive Bitcoin accumulation pose significant risks. 📈📉

Despite not being in the S&P 500, about $50 billion in index fund assets, including $21 billion from passive funds, are tied to the stock. Strategy holds 592,100 Bitcoins worth ~$61B, yet its $103B market cap far exceeds both its Bitcoin holdings and $111M in quarterly revenue.