Saylor says that "Apple should buy Bitcoin," while the stock buyback disappoints

According to Michael Saylor, exposure to Bitcoin could offer a lucrative financial opportunity for Apple's stock buyback program.

Saylor says that "Apple should buy Bitcoin," while the stock buyback disappoints

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Apple, the fourth largest company in the world by market capitalization, should buy Bitcoin to address the poor performance of its stock buyback program, according to Strategy's CEO, Michael Saylor.

"Apple should buy Bitcoin," Saylor said in a post on X on June 10.

Saylor's comment responded to criticisms from Jim Cramer regarding Apple's stock buyback program.

"Apple's buyback program is not working right now," Cramer wrote in a post on X on June 10.

"The company can leave it to make big profits or it can take something and integrate it. It's not a badge of dishonor. It simply isn't," he added.