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 for more bitcoin investment. Management is expected to provide an update on the company’s intent to continue to invest in BTC, the note added.
Jefferies Downgrades MicroStrategy to ‘Underperform;’ Shares Slump
