CoinVoice has learned that, according to Protos, market rumors suggest that MicroStrategy (MSTR) may enter a blackout period in January 2025, during which it will suspend raising funds through 'at-the-market' (ATM) stock and convertible bond issuance to purchase Bitcoin. This latest information comes from a venture capitalist who revealed 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 does not explicitly prohibit 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 the 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 in the market regarding the specific timing of the blackout period: some believe it is a full month of blackouts, while others predict it will start on January 14 for 30 days. Currently, MicroStrategy has not responded to these rumors.
