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

Odaily reported that Strategy's (MSTR) 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 dropping to lows near $90. Following the price rebound, Strategy can issue shares via the ATM (At-The-Market) facility linked to this product. (CoinDesk)