According to PANews, Vance Spencer, co-founder of Framework Ventures, said on the X platform that MicroStrategy may not sell shares or issue new bonds to finance Bitcoin through ATMs in January next year.
The researchers speculate that this is related to insider trading rules. Although the SEC does not prohibit trading during earnings season, many companies set insider trading blackout periods, which usually last from two weeks to a month, to prevent companies from taking advantage of non-public information.
There is also speculation that this is related to MicroStrategy's recommendation to be included in the Nasdaq 100 Index. MicroStrategy plans to announce earnings in early February 2025, and the internal trading blackout period may last throughout January.
