MicroStrategy has paused its weekly Bitcoin purchases again, according to an SEC filing, marking a brief interruption after the company resumed buying just one week earlier. The firm did not buy or sell any Bitcoin during the most recent week, maintaining its holdings of 845,050 BTC acquired at an average price of $75,412 for a total of $63.73 billion.
The pause follows MicroStrategy's purchase of 4,603 BTC two weeks ago, which had signaled a resumption of weekly Bitcoin acquisitions after more than two months without purchases. During that two-month period, the company had sold some of its BTC holdings.
MicroStrategy also halted its at-the-market share sales program for MSTR stock, which it had recently leveraged to fund Bitcoin purchases, execute share buybacks, and build its cash reserves. The company had sold 4.53 million MSTR shares for $602 million under the ATM program two weeks ago.
MSTR stock has gained 45% over the past month, rising in tandem with Bitcoin's rebound from approximately $63,000 to $82,000. However, the stock remains down more than 7% year-to-date and has declined over 3% in recent trading, currently trading around $138.
Meanwhile, MicroStrategy's preferred share buyback program remains active. The company purchased just over 1.8 million STRC shares worth more than $176 million during the latest week, continuing its weekly repurchase streak. MicroStrategy has also increased its Digital Credit Securities Repurchase Program from $1 billion to $2 billion as it seeks to drive STRC back to its par value of $100.
STRC shares are currently trading at $97, having rebounded more than 5% over the past month and rising double digits from a yearly low of approximately $76 reached in June.
