Opinion: MicroStrategy's suspension of increasing BTC holdings may be due to its inclusion in the NASDAQ 100 index and subject to rules such as a lock-up period
Market news, since recently being included in the Nasdaq 100 index, MicroStrategy has been subject to various rules and regulations, such as lock-up periods, to prevent potential insider trading. This could be one reason why its continuous acquisition of Bitcoin has been restrained. In addition, some speculate that the pause in acquiring more Bitcoin is because MicroStrategy is changing its strategy based on market conditions. The company may face a huge tax bill for unrealized Bitcoin gains that could exceed $19 billion, so it must carry out financial planning to meet tax obligations. However, analysts believe there are currently almost no signs indicating that MicroStrategy is abandoning its Bitcoin-centric strategy.
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.
You may also like
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Texas Signs Bill to Establish Bitcoin Reserve, Set to Purchase $10 Million in BTC
Trending news
MoreCrypto prices
More








