MicroStrategy Halts Bitcoin Purchases After 12-Week Buying Streak

MicroStrategy, the fourth-largest bitcoin owner, did not acquire new tokens last week, as announced by Executive Chairman Michael Saylor, ending a 12-week purchase streak.

Since Nov. 11, MicroStrategy bought 218,887 bitcoin.
The company now holds 471,107 bitcoin.
The pause in purchases may be linked to an impending earnings release on Feb. 5.
Public companies typically enter a blackout period before earnings releases to avoid insider trading.
This blackout could restrict trading of bitcoin for MicroStrategy.
Last week, the company announced a preferred share offering of approximately $250 million aimed at acquiring more bitcoin.
Shortly after, it increased the offering amount to roughly $563 million by selling about 7.3 million shares.