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

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