MicroStrategy Pauses Bitcoin Buys, Continues Stock Buybacks

Key facts

• MicroStrategy paused its weekly Bitcoin purchases.
• The company repurchased $176.3 million of STRC preferred stock.
• MicroStrategy doubled its Digital Credit Securities Repurchase Program to $2 billion.
• The company holds 845,050 Bitcoin.
• The average acquisition price for MicroStrategy's Bitcoin is $75,412 per coin.

MicroStrategy has again paused its strategy of weekly Bitcoin purchases, just one week after resuming the practice. The company's treasury did not buy or sell any Bitcoin between August 31 and September 7, according to an SEC filing. MicroStrategy currently holds 845,050 BTC, acquired for a total of $63.6 billion at an average price of $75,412 per coin.

This pause follows a resumption of Bitcoin buys two weeks prior, which had ended a more than two-month hiatus. During that period, the company had sold some of its Bitcoin holdings. Concurrently, MicroStrategy continued its buyback of STRC shares last week, repurchasing 1.8 million shares valued at $176.3 million. The company has also doubled the size of its Digital Credit Securities Repurchase Program from $1 billion to $2 billion, signaling an effort to drive the stock price back to its par value of $100.