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MicroStrategy Pauses Bitcoin Purchases to Fund $139M Preferred Stock Buyback

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The Story

News Summary

  • MicroStrategy held its Bitcoin reserves steady at 845,050 BTC for a second consecutive week, diverting $139.3 million toward repurchasing its preferred stock.
  • The firm holds $6.4 billion in cash reserves, while Chairman Michael Saylor has recently paused his customary Bitcoin acquisition updates.
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