Web Analytics
coinpedia
2025-02-03 19:42:12

MicroStrategy Pauses Bitcoin Purchases Ahead of Earnings Release

The post MicroStrategy Pauses Bitcoin Purchases Ahead of Earnings Release appeared first on Coinpedia Fintech News MicroStrategy, the fourth-largest holder of bitcoin, paused its buying streak last week, with Michael Saylor revealing on X that no new tokens were acquired, breaking its 12-week streak of bitcoin purchases last week. Notably, the company had been buying bitcoin on a weekly basis since Nov. 11, bringing its total holdings to 471,107 bitcoin. While Saylor didn’t specify why the company paused its purchases, analyst suggests that it could be due to the upcoming earnings release on Feb. 5. Public companies enter a blackout period before earnings reports to avoid insider trading, limiting buying or selling of company securities.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.