The Latest Breaking News from MicroStrategy

While opinions vary on the impact of Bitcoin ETFs on MicroStrategy's investment approach, Saylor views their approval as a major financial development, potentially the most significant one on Wall Street in the last 30 years.

Saylor had commenced the sale of his stock option awards, consisting of 315,000 shares, which were originally granted to him in April 2014. These stock options will expire on April 30.

The Chart of the Day belongs to the analytics software company MicroStrategy (MSTR) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart...

Bitcoin was trading in the red zone at $43,950, which means the software and business intelligence company is now sitting on an unrealized profit of $2.390 billion.

The substantial Bitcoin investment by MicroStrategy has yielded a significant return, a growth that began under the leadership of its current executive chairman, Michael Saylor, starting in August 2020.

The price rally of Bitcoin, which started in October, also fueled speculations that it would touch $40,000 or higher by the end of 2023.

The latest BTC acquisition is MicroStrategy's second consecutive BTC purchase in the past couple of months since it acquired 155 BTC for around $5.3 million at the start of November.

Novogratz said the approval of a spot Bitcoin ETF could drive billions to the crypto space.

MicroStrategy is effectively a Bitcoin holding company, and its share price is tied to the performance of Bitcoin. Should you buy MSTR stock at the current valuation?