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MicroStrategy may be forced to pause Bitcoin purchases in January
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THE MicroStrategyone of the companies best known for its aggressive Bitcoin purchasing strategycould face a possible obstacle in January.
According to some rumors, the company would be subject to a restriction periodwhich may limit the issuance of shares or convertible debt to finance new acquisitions of the cryptocurrency. This news has generated concern among investors.
These restrictions, known as blackout periodsare often self-imposed by publicly traded companies to comply with regulations or avoid the appearance of improper conduct.
According to market sources, the executive chairman Michael Saylor may be prevented from issuing convertible debt to buy more Bitcoin due to these rules.
MicroStrategy and Bitcoin
Investors speculate that the pause is linked to insider trading regulationswhich often restrict financial activities after the end of fiscal quarters.
Generally, these blockages last up to a month and only end after the announcement of the financial results. In the case of MicroStrategythe next earnings report is expected to be released between February 3-5, 2025. This means that the blackout could last the entire month of January or start from the middle of the month.
Other theories suggest that the restrictions would only apply to the sale of shares in the market, and not to the issuance of convertible debt. A possible connection to MicroStrategy’s recent inclusion in NASDAQ 100 indexwhich took place on December 23, is also under debate. Therefore, the change may have been due to internal recommendations.
Currently, MicroStrategy has US$46.02 billion in Bitcoinwith an unrealized profit exceeding US$18.9 billion. In December alone, the company purchased more than $3 billion in Bitcoinpaying amounts above US$100,000 per unit.
Bitcoin’s strong performance this year has also boosted MicroStrategy shares. The company’s papers (MSTR) valued 460% in 2023placing the company among the 100 largest in the United States. Additionally, there are rumors that MicroStrategy may integrate the S&P 500 index next year.
Despite potential short-term constraints, the company’s massive Bitcoin volume and strong market performance demonstrate a unwavering confidence in long-term potential of cryptocurrency.
MicroStrategy may be forced to pause Bitcoin purchases in January
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MicroStrategy may be forced to pause Bitcoin purchases in January
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MicroStrategy may be forced to pause Bitcoin purchases in January
