If a blackout period is in effect, it could align with this schedule, as many companies refrain from significant financial activities in the lead-up to earnings announcements. Questions have also arisen regarding whether the rumored restriction applies solely to ATM share sales, convertible debt offerings, or both. MicroStrategy's recent inclusion in the NASDAQ 100 index on Dec. 23 may also play a role, as companies often reassess their governance and disclosure practices following such milestones. Ultimately, any decision to enforce a blackout period would be determined by MicroStrategy's board of directors. Such a measure would reflect the company's commitment to regulatory compliance and transparency. Read Next: Image: Shutterstock