Microstrategy (MSTR) stops the weekly bitcoin (BTC) which is purchased in advance of revenues
Microstrategy, the fourth largest owner of Bitcoin (BTC), did not buy any new tokens last week, executive chairman Michael Saylor announced In X, ending a 12-week string of purchases.
Since November 11, the Tysons Corner, Virginia -based company has bought 218,887 Bitcoin, according to Saylor. It is currently holding 471,107 bitcoin.
While Saylor did not say why the company restrained, a likely reason could have upcoming revenue After the market near February 5, James Van Straten, a senior analyst in CoinDesk said.
Public companies enter a so -called blackout period for a few hours before revenue exits to prevent insider trading. During that time, which may take days, weeks or even months, people with financial information about the company are restricted from buying or selling company security.
In the case of Microstrategy, given that most of its balance sheets are Bitcoin, this may include cryptocurrency trading.
Last week, the company announced a preferred sharing offer approximately $ 250 million to buy more BTC. Just a few days later more than double that amount Because it sells nearly 7.3 million sharing series.
