Jefferies Downgrades MicroStrategy to ‘Underperform;’ Shares Slump

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Jefferies Downgrades MicroStrategy to ‘Underperform;’ Shares Slump

MicroStrategy has been a “visionary” on BTC and has established itself as a “thought leader” in the industry, the note said, adding that management ha

MicroStrategy has been a “visionary” on BTC and has established itself as a “thought leader” in the industry, the note said, adding that management has increased leverage on its balance sheet and issued new shares to invest more in bitcoin. Management is expected to provide an update on the company’s intent to continue to invest in BTC, the note added.

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