MicroStrategy may suspend issuing convertible bonds to buy Bitcoin in January
On December 18, market rumors said that MicroStrategy may enter a lock-up period in January 2025, during which it will suspend the issuance of stocks and convertible bonds through "on-site trading" (ATM) to raise funds to buy Bitcoin.
This is a major negative for Bitcoin. After all, MicroStrategy has made great efforts to break through $100,000!
The news came from a venture capitalist who broke the news that MicroStrategy "was in a lock-up period throughout January and could not issue new convertible bonds to buy Bitcoin."
MicroStrategy plans to release its financial report on February 5, 2025, and will join the Nasdaq 100 Index on December 23. This will increase the buying of MicroStrategy by about $2.1 billion!
There are many opinions on the specific time of the lock-up period in the market: some believe that it is a full-month lock-up, and some predict that it will be 30 days starting from January 14. In any case, it is not good news for Bitcoin!
