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The former presidential candidate's campaign had suggested it would create a super PAC to take on President Trump, but it has decided to change course.
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Super Tuesday is the biggest day of the Democratic primary campaign. Fourteen states will hold nominating contests to pick who they think should square off this fall against President Trump.
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Former New York City Mayor Mike Bloomberg has repeatedly said he regrets the police tactic known as "stop-and-frisk."
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The Democratic National Committee is eliminating the requirement for candidates to show grassroots donor support in order to appear in the Nevada debate on Feb. 19.
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As a late entrant in the Democratic presidential primary, Michael Bloomberg is not campaigning in the first primary states and is instead marshaling his billions of dollars into advertising.