According to ChainCatcher and reported by Protos, market rumors suggest that MicroStrategy (MSTR) may enter a blackout period in January 2025, during which it will suspend raising funds to purchase Bitcoin through 'at-the-market' (ATM) stock and convertible bond issuances. This information comes from a venture capitalist's leak, stating that Executive Chairman Michael Saylor 'will be in a blackout period throughout January and will not be able to issue new convertible bonds to purchase Bitcoin.'
Although the SEC has not explicitly prohibited insider trading during the end of the quarter and the release of financial reports, many companies voluntarily implement a blackout period of 2 weeks to 1 month to avoid suspicion of insider trading. MicroStrategy plans to release its financial report on February 5, 2025, and will join the Nasdaq 100 index on December 23.
There are various opinions regarding the specific timing of the blackout period: some believe it will be a full month, while others predict it will start on January 14 for 30 days. Currently, MicroStrategy has not officially responded to these rumors.
