Bitcoin bullish company MicroStrategy may reportedly stop purchasing Bitcoin in the coming months due to the lockup period.
Microstrategy is one of the top Bitcoin bullish companies. This company is popular in the crypto space due to its large amount of Bitcoin holding funds, which amounts to almost 439,000 BTC. At the current trading price of Bitcoin, Microstrategy currently holds $44.82 billion worth of Bitcoins.
Last time, just three days ago, Microstrategy bought a net 15,350 BTC for ~$1.5 billion at a trading price of ~$100k.
Currently, there are some reports circulating in the crypto space regarding MicroStrategy’s Bitcoin purchasing activities. MicroStrategy may reportedly stop purchasing Bitcoin over the next few months due to the lockup period.
A blackout period is typically a self-imposed restriction by any publicly traded company in which they restrict themselves to certain financial limits to comply with regulations or avoid the appearance of irregularity.
A report from CoinParika noted that a venture capitalist stated that Michael Saylor, former CEO and current CEO of the firm MicroStrategy, could face some restrictions over the next month.
According to speculation, in January 2025, the lock-up period could prevent it from issuing convertible notes and will be a big reason for the company to stop purchasing new Bitcoin funds.
Saylor on the current Bitcoin trend
Last week, Microstrategy stock ($MSTR) was added to the Nasdaq 100 and speculators believe it will soon be in the S&P 500 as well.
Saylor noted that all of these things show that the Bitcoin market has finally entered the first year of Bitcoin adoption at the institutional level.
Capital inflow into Bitcoin spot ETF market
Over the past 15 days, the Bitcoin ETF spot market has seen a continuous average capital inflow of an average of $448.5 million per day.
Also read: Bad news for Bitcoin! El Salvador decides to limit the use of Bitcoin at the government level
