Microstrategy, the fourth largest owner of Bitcoin (BTC), did not buy any new tokens last week, executive president Michael Saylor announced in X, which finished a 12 -week shopping chain.
Since November 11, the Tysons Corner company, based in Virginia, bought 218,887 Bitcoin, according to Saylor. It currently has 471,107 bitcoin.
While Saylor did not say why the company contained, a probable reason could be its imminent launch of profits after the closing of the market on February 5, said James Van Straten, a senior analyst at Coindesk.
Public companies enter into a so -called blackout period for some time before profit release to avoid privileged information trade. During that period, which can last days, weeks or even months, people with financial information about the company are restricted to buy or sell the company’s values.
In the case of Microstrategy, since most of his balance is Bitcoin, this could include cryptocurrency trade.
Last week, the company announced an offer of preferred shares of approximately $ 250 million to buy even more BTC. Only a few days later, he doubled more than that amount, since he sold approximately 7.3 million shares of the series.
