Analysis: MicroStrategy may enter a standstill period in January, stopping the issuance of stocks and convertible bonds to purchase more BTC
MicroStrategy disclosed on January 6 that it had acquired an additional 1070 Bitcoins. According to the documents submitted to the U.S. Securities and Exchange Commission (SEC), these Bitcoins were purchased by MicroStrategy between December 30 and 31, 2024, with approximately $101 million in cash at an average price of about $94,004 per Bitcoin.
In its submitted Form 8-K, MicroStrategy revealed that since December 31, 2024, the company has not made any additional Bitcoin purchases. There are reports suggesting that MicroStrategy may enter a standstill period in January 2025, ceasing to issue stocks and convertible bonds for purchasing more Bitcoins. (Cointelegraph)
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