Market news: MicroStrategy may enter a lock-up period in January next year, during which it will suspend the issuance of new convertible bonds to purchase Bitcoin

2024-12-18 18:28:22

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ChainCatcher news, according to Protos, market rumors suggest that MicroStrategy (MSTR) may enter a lock-up period in January 2025, during which it will suspend raising funds to purchase Bitcoin through "at-the-market" (ATM) stock and convertible bond issuances. This information comes from a leak by a venture capitalist, stating that Executive Chairman Michael Saylor "will be in a lock-up period throughout January and will not be able to issue new convertible bonds to purchase Bitcoin."

Although the SEC has not explicitly prohibited insider trading during the end of the quarter and financial report release periods, many companies voluntarily implement a lock-up period of 2 weeks to 1 month to avoid suspicions of insider trading. MicroStrategy plans to release its financial report on February 5, 2025, and will join the Nasdaq 100 index on December 23.

There are various opinions in the market regarding the specific timing of the lock-up period: some believe it will be a full month, while others predict it will start on January 14 for 30 days. Currently, MicroStrategy has not officially responded to these rumors.

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