Due to its Bitcoin investment strategy, Citi downgraded MicroStrategy's stock rating to “Sell”.

According to TheBlock News, Citigroup lowered MicroStrategy's offer to sell after MicroStrategy announced that it had raised $ 400 million investment in Bitcoin. Citigroup analysts say consumers will have to sell MicroStrategy shares for the cold water of the stock market, which has risen sharply since Bitcoin's announcement this year. Citi said that MicroStrategy's recent share price was "too high" and that the company's plans to raise $ 400 million to buy bitcoin by trading contracts are "too heavy" and " withdrawn ". It can cause damage, ”he said.