Bitcoin affiliate MicroStrategy may reportedly stop buying Bitcoin in the coming months due to the shutdown.
MicroStrategy is a leading Bitcoin company. The company is well-known in the cryptocurrency space for its high holdings of Bitcoin, which are approximately 439,000 Bitcoin. At the current trading price of Bitcoin, MicroStrategy currently holds $44.82 billion worth of Bitcoin.
Last time, just three days ago, MicroStrategy bought a net 15,350 Bitcoin for about $1.5 billion at a trading price of about $100,000.
MicroStrategy acquired 15,350 BTC for ~$1.5B at $100,386 per BTC and has returned 46.4% YTD and 72.4% YTD. As of 12/15/2024, we hold 439,000 $BTC acquired for ~$27.1B at $61,725 per BTC. $MSTR https://t.co/SaWLNBVkrl
— Michael Saylor⚡️ (@saylor) December 16, 2024
Currently, there are some reports circulating in the crypto space about MicroStrategy’s Bitcoin buying activities. According to the reports, MicroStrategy may stop buying Bitcoin in the coming months due to the downtime.
A standstill period is typically a self-imposed restriction by a publicly traded company where it imposes certain financial restrictions on itself to comply with regulations or to avoid the appearance of inappropriateness.
A report from CoinParika suggests that Michael Saylor, the former CEO and current chairman of MicroStrategy, may face some restrictions next month. According to speculation, the January 2025 moratorium could prevent him from issuing convertible notes, which would be a major reason for the company to stop buying new bitcoin.
Saylor on Bitcoin's Current Trend
Last week, MicroStrategy ($MSTR) stock was added to the Nasdaq 100, and speculators believe it will soon be in the S&P 500 as well.
All of this shows that the Bitcoin market is finally entering its first year of institutional adoption, Saylor noted.
As we enter the first year of institutional Bitcoin adoption, I review $MSTR's capital markets strategy, shareholder value creation through operations, investments, and acquisitions, Nasdaq 100 listing and potential S&P 500 listing, $MSFT's financial strategy, and more. pic.twitter.com/13TYH3pbVb
— Michael Saylor⚡️ (@saylor) December 18, 2024
Capital Flow in the Spot Bitcoin ETF Market
Over the past 15 days, the Bitcoin spot ETF market has seen a steady inflow of capital averaging $448.5 million per day.
15 days in a row of inflows to US Bitcoin ETFs 👇 $ in the millions pic.twitter.com/BWZMBVl0bb
— HODL15Capital 🇺🇸 (@HODL15Capital) December 19, 2024
Read also: Bad news for Bitcoin! El Salvador decides to limit the use of Bitcoin at the government level
