Reportedly Bitcoin bull company MicroStrategy may stop buying Bitcoin in the upcoming months because of the blackout period.
Microstrategy is a top Bitcoin bull company. This company is popular in the crypto space because of its high amount of Bitcoin holding funds, which is nearly 439,000 BTC. At the current trade price of Bitcoin, Microstrategy currently holds $44.82 billion worth of Bitcoins.
Last time, just three days ago, Microstrategy purchased a net 15,350 BTC for ~$1.5 billion at a trade price of ~$100k.
At present, some reports are circulating in the crypto space regarding MicroStrategy’s Bitcoin buying activities. As per reports MicroStrategy may stop buying Bitcoin for the next few months because of the blackout period.
A blackout period is usually a self-imposed restriction by any publicly traded company where they restrict themselves to certain financial boundaries to comply with regulations or avoid the appearance of impropriety.
A report by CoinParika noted that a venture capitalist stated that Michael Saylor, the former CEO & current executive chairman of MicroStrategy firm, may face some restrictions in the next month.
As per speculation, In January 2025 blackout period could stop him from issuing convertible notes & it will be a big reason for the company to stop buying new Bitcoin funds.
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