📢 🚨Bad News for Bitcoin!
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.
Saylor on current Bitcoin trend
Last week, Microstrategy ($MSTR) stock was added to the Nasdaq 100, and speculators believe it will soon be in the S&P 500, also.
Saylor noted that all these things show that the Bitcoin market finally entered the first year of Bitcoin adoption at the institutional level.
As we enter the first year of institutional Bitcoin adoption, I review $MSTR capital markets strategy, shareholder value creation via operations, investments, and acquisitions, Nasdaq 100 and possible S&P 500 inclusion, $MSFT financial strategy, & more. pic.twitter.com/13TYH3pbVb
— Michael Saylor⚡️ (@saylor) December 18, 2024
Capital inflow in the Bitcoin spot ETF market
In the last 15 days, the Bitcoin spot ETF market saw a continuous average capital inflow of an average of $448.5 million per day.
