The strategy (formerly MicroStrategy) of aggressively financing Bitcoin purchases by selling stocks and bonds may have come to an end. For the first time on Wall Street, an analyst has suggested that investors sell, and this analyst is Gus Gala from Monness Crespi Hardt, who made this bearish judgment. Just the day before, Strategy disclosed that it spent $1.92 billion between March 24 and March 30 to purchase 22,048 Bitcoins (BTCUSD) at an average price of $86,969.

Gala downgraded MicroStrategy's rating from "Neutral" to "Sell," becoming the only bear among the 14 analysts covering the company surveyed by FactSet, while the other 13 are bulls. Gala expressed concern that investors' reaction to MicroStrategy's recent bond and preferred stock issuance has been "less than ideal," and that the funds were originally intended for purchasing more Bitcoin. He believes the market seems to be approaching "saturation," which means that MicroStrategy may face higher costs in the future for raising funds to continue buying Bitcoin. #荣誉积分抽奖，赢MacBook Air和精美周边