MicroStrategy to pause Bitcoin purchases in January
A rumor is spreading that MicroStrategy may stop selling stocks and issuing convertible debt in January, cutting off its usual Bitcoin funding sources. If this happens, it would leave many of its investors, who rely on Michael Saylor’s regular Bitcoin purchases, disappointed. The company’s Bitcoin buying spree has become an expectation, but January might be […]
A rumor is spreading that MicroStrategy may stop selling stocks and issuing convertible debt in January, cutting off its usual Bitcoin funding sources.
If this happens, it would leave many of its investors, who rely on Michael Saylor’s regular Bitcoin purchases, disappointed. The company’s Bitcoin buying spree has become an expectation, but January might be a dry month.
The claim came from a venture capitalist who reportedly said, “Saylor has a blackout period all of January — cannot issue any new converts to buy BTC.”
This is a developing story.
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