Key facts
- MicroStrategy has paused its Bitcoin purchases.
- The company repurchased $176 million of its stock.
- MicroStrategy doubled its stock repurchase program to $2 billion.
MicroStrategy has once again paused its Bitcoin acquisitions, choosing instead to focus on repurchasing its own stock. The company recently bought back over $176 million of its stock and has doubled its authorized stock repurchase program to $2 billion. This marks the second time in recent weeks that MicroStrategy has halted its Bitcoin buying strategy.