Bitcoin24h $83,272.75-2.15%

Ethereum24h $1,820.26-4.14%

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BNB24h $594.40-2.44%

Solana24h $119.28-5.63%

Dogecoin24h $0.1650-4.67%

Cardano24h $0.6462-4.27%

TRON24h $0.2355-0.98%

Toncoin24h $3.87-4.36%

UNUS SED LEO24h $9.39+1.93%

MicroStrategy blackout period could freeze bitcoin buys in January

Any blackout could devastate MicroStrategy investors who have come to expect weekly BTC buys from Executive Chairman Michael Saylor.

Michael Saylor is throwing a bitcoin party for NYE, and you’re not invited

For years, Michael Saylor has promised a ‘very expensive’ party to celebrate BTC hitting $100K. He will host it on New Year’s Eve.

MicroStrategy failed to outperform BTC this weekend as its share price and NAV premium came nowhere close to all-time highs.

On January 1 next year, the FASB will change an accounting rule regarding the treatment of bitcoin that will benefit MicroStrategy.

Bearish onlookers are increasingly skeptical that MicroStrategy’s flywheel of bitcoin accretion per diluted share can continue much longer.