TechFlow reports, citing Protos, that market rumors suggest MicroStrategy (MSTR) may enter a lock-up period in January 2025, during which it would pause raising funds through "at-the-market" (ATM) stock and convertible bond offerings to purchase bitcoin. The rumor originated from a venture capitalist claiming that Executive Chairman Michael Saylor "will be under a lock-up for the entire month of January and unable to issue new convertible bonds to buy bitcoin."
While the SEC does not explicitly prohibit insider trading during quarter-end periods and earnings releases, many companies voluntarily impose trading blackout periods lasting from two weeks to one month to avoid suspicions of insider trading. MicroStrategy is scheduled to release its earnings on February 5, 2025, and will join the Nasdaq 100 Index on December 23. There are various market speculations regarding the exact timing of the blackout period: some believe it will last the entire month, while others predict a 30-day period starting January 14. As of now, MicroStrategy has not officially responded to these rumors.
