Brent Thill, an analyst at investment bank Jefferies, downgraded software provider MicroStrategy's stock from "Hold" to "Underperform " .
The reason is the company's aggressive Bitcoin accumulation, coupled with the recent difficult situation on the crypto market.
MicroStrategy currently has around 130,000 Bitcoin - more than any other company .
The company's average purchase price is $24,214 per bitcoin . With the current BTC price of $23,216, the investments are a downside.
Following Tuesday's devaluation, MicroStrategy stock fell more than 10 percent to $237 but has since risen to $263.
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