Bets on Polymarket about MicroStrategy accumulating more Bitcoin has risen to about 64%. According to the official website, about 64% of people are betting that MicroStrategy will have over 500K Bitcoins before March.
The predictions come as the firm has been buying Bitcoin continuously every Monday. Previously, MicroStrategy, owned by Michael Saylor, had announced that it bought 2,138 Bitcoins on December 30th for around $209 million. The purchase increased its total Bitcoin holdings to 446,400 BTC.
Will MicroStrategy Undergo A Bitcoin Buying Halt?
The previous Bitcoin purchase by MicroStrategy may be the last one before a blackout period begins. According to earlier market speculations, MicroStrategy may consider a blackout period to be a form of insider trading.
MicroStrategy may stop issuing convertible bonds and stocks through “on-site trading” (ATM) during its January 2025 blackout period.
But without official confirmation, these assertions remain rumors.
Most businesses re-permit insider trading within two days following quarterly earnings presentations, and blackout periods typically last between two weeks and a month.
Many businesses self-impose a blackout period as a sort of Wall Street tradition, even though the Securities and Exchange Commission (SEC) does not forbid insider trading between the end of a fiscal quarter and the filing of earnings, provided that all disclosures are otherwise current.
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Will a Blackout Period Hurt MicroStrategy’s Market Position?
Many long-term MSTR investors who have grown accustomed to Executive Chairman Michael Saylor’s monthly Bitcoin purchases would be let down if the Blackout period is implemented.
Considering the investor confidence on the firm, many other market person’s predict that a Blackout period is unlikely, which is also depicted by the current Polymarket predictions.
Regardless of how turbulent the market may be, Michael Saylor has consistently maintained a pro-Bitcoin stance. He has shown his support for cryptocurrencies by consistently buying Bitcoin.
MicroStrategy’s Bitcoin Plans: How Much Does the Firm Want to Purchase?
Through a mix of $21 billion in stock and $21 billion in fixed-income instruments, the corporation hopes to raise an ambitious $42 billion over the next three years.
These proceeds will likely be used to purchase more Bitcoin. But the firm might also consider market price and other parameters.
The weeks after Donald Trump’s election victory in November saw a sharp increase in cryptocurrency and other associated equities, but the rise halted in the second half of December.
Numerous cryptocurrency CEOs applauded Trump’s win, stating that a second Trump term would probably have more lenient regulations than the Biden government.
With Trump’s government likely to have better crypto laws in 2025, the overall sentiment regarding the Bitcoin price trajectory might also improve. This can prompt another continuous buying spree by MicroStrategy in the future.
Read Also: MicroStrategy Takes Up Largest Ever Bitcoin Acquisition of 51,780 BTC Worth $4.6B