According to Wu, Protos reports that market rumors suggest MicroStrategy (MSTR) may enter a trading 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 leak by a venture capitalist, who stated 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 U.S. SEC has not explicitly prohibited insider trading during the end of quarters and financial report releases, many companies voluntarily implement blackout periods ranging from 2 weeks to 1 month to avoid any suspicion of insider trading. MicroStrategy typically releases its financial reports regularly between February 3 and February 5, 2025. There are various opinions in the market regarding the specific timing of the blackout period: some believe it will be for the entire month, while others predict it will start on January 14. Currently, MicroStrategy has not officially responded to this rumor.