SummaryMSTR has plummeted in recent weeks off its relative high.There is plenty to worry about, but Bitcoin is holding support thus far.I don't think the recent tax issues will amount to much, and risk favors the bulls today.Another week in the stock market, another week of risk-off behavior and selling. It's been rough for most of 2022, but as I continue to remind subscribers (and myself), these selloffs create tremendous buying chances in good assets. I've written extensively about Bitcoin (BTC-USD) and the stocks that are heavily involved with Bitcoin in one way or another, and the group is terrific from a trading perspective. There's no shortage of opportunities on both the long and short side with such volatile assets, and one of those is MicroStrategy (MSTR).This company isn't a miner of Bitcoin, but it does hold the world's largest cache of the coins on its balance sheet, as far as I'm aware. The company switched roughly two years ago from being an analytics software company to a company that exists to buy and hold Bitcoin. The software business still exists, and it is generating cash, which is useful to the extent that MicroStrategy uses the software business to fund its Bitcoin purchases.With this in mind, you can think of MicroStrategy as a leveraged way to gain Bitcoin exposure. Let's start by taking a look at the daily chart.StockChartsAs we can see, this thing moves around a lot. The stock almost tripled from the ...
Ethereum’s Pectra Upgrade Goes Live
