Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Opinion: MicroStrategy May Give Up Bitcoin Purchases

Opinion: MicroStrategy May Give Up Bitcoin Purchases

HappyCoinNewsHappyCoinNews2024/12/20 10:34
By:HappyCoinNews

Well-known venture capitalist Vance Spencer said that MicroStrategy may abandon Bitcoin purchases as early as January 2025. In his opinion, such an event may disappoint most of the company's investors who support the strategy of buying the first cryptocurrency.

Opinion: MicroStrategy May Give Up Bitcoin Purchases image 0

The expert noted that MicroStrategy's so-called blackout period could extend throughout January, so Saylor will not be able to issue new convertible debt obligations for purchase.

According to him, Michael Saylor will be buying bitcoins until the end of this year and then switch to altcoins.

As a reminder, public companies often impose what is known as a “blackout period.” During this period, certain actions involving securities are restricted. Blackout periods often last from two weeks to a month and typically end a couple of days after the quarterly results are announced.

Some experts believe the blackout period may be related to insider trading rules. The U.S. Securities and Exchange Commission does not prohibit insiders from trading after the end of a financial quarter.

However, many firms still impose blackout periods to avoid the appearance of wrongdoing. So MicroStrategy could surprise some market participants by stopping buying bitcoin early next year.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

The Smarter Web Company Raises Bitcoin Holdings to 346 BTC

London-listed tech firm The Smarter Web Company has significantly expanded its Bitcoin holdings following a highly successful fundraising round that nearly doubled its initial target.

DeFi Planet2025/06/19 18:40
The Smarter Web Company Raises Bitcoin Holdings to 346 BTC

Trump Urges Crypto Action: Pushes House to Pass GENIUS Act, Influencing Regulatory Debate

US President Donald Trump has urged the House of Representatives to swiftly pass the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act following its recent approval by the Senate.

DeFi Planet2025/06/19 18:40
Trump Urges Crypto Action: Pushes House to Pass GENIUS Act, Influencing Regulatory Debate

Ohio House Approves Bill to Exempt Small Crypto Payments from Taxes and Protect Mining Operations

The Ohio House of Representatives passed House Bill 116, known as the Ohio Blockchain Basics Act, with a vote of 70-26.

DeFi Planet2025/06/19 18:40
Ohio House Approves Bill to Exempt Small Crypto Payments from Taxes and Protect Mining Operations