Express

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

  • Ethereum All Core Developers Execution Call #192 Writeup 2 days ago
  • The Product Gap in Blockchain: Shifting Focus from Infrastructure to User-Centric Appli... 4 days ago
  • What Would a Trump Presidency Mean for Bitcoin? 5 days ago
  • Google’s move on Wiz: a cybersecurity game-changer, or another pointless splurge? 7 days ago
  • The Risks and Rewards of Staking 7 days ago
  • You need to login to comment.