Strategy's Perpetual Preferred Stock STRC Price Rebounds to $100, May Help It Continue Accumulating Bitcoin

Odaily News: Strategy (MSTR)'s issued perpetual preferred stock, Stretch (STRC), returned to $100 in Wednesday's pre-market trading. Strategy may sell more shares through an at-the-market offering to raise funds for further BTC purchases. STRC last traded at this price level between November 4th and November 13th, before falling to a low near $90. Following the price rebound, Strategy can issue shares through an ATM (at-the-market) offering linked to this product. (CoinDesk)