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Citi Downgrades MicroStrategy Stock Rating Because Its "Disproportionate Focus On Bitcoin"

Mary Liu

Summary: According to Decrypt, Citi downgraded the stock rating of business intelligence software company MicroStrategy (NASDAQ: MSTR) from “neutral” to “sell”. Analyst Tyler Radke pointed out that the company and CEO Michael Saylor's "disproportionate focus on bitcoin" has increased the risks faced by investors. Bitpush previously reported that MicroStrategy has planned to increase its BTC holdings by ...

According to Decrypt, Citi downgraded the stock rating of business intelligence software company MicroStrategy (NASDAQ: MSTR) from “neutral” to “sell”. Analyst Tyler Radke pointed out that the company and CEO Michael Saylor's "disproportionate focus on bitcoin" has increased the risks faced by investors. Bitpush previously reported that MicroStrategy has planned to increase its BTC holdings by the proceeds from $400 million convertible bonds.

By Mary Liu

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