After MicroStrategy plans to buy more bitcoin, Citibank downgrades the stock.

According to the December 9 Cointelegraph, Citibank demoted MicroStrategy (MSTR) on Tuesday because the company was "unconventional" in focusing on the Bitcoin market. Shortly after MicroStrategy announced it was raising more money to buy bitcoin, Citibank analyst Tyler Radke gave the company a "sell" rating. Radke said that MicroStrategy's CEO Michael Saylor's "excessive focus" on Bitcoin puts investors at greater risk, especially after Bitcoin's "excessive" gains since September. He said: “MicroStrategy's Bitcoin investments since August have brought in $ 250 million (valued at $ 26 per share, a 20% increase in shares). 172%. This percentage is insignificant in comparison. At the current price of market, the market is more optimistic that the market is more important than the value of Bitcoin. "