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Strategy's perpetual preferred stock STRC price rebounds to $100, may help continue buying Bitcoin
Summary: According to reports, Strategy's (MSTR) perpetual preferred stock Stretch (STRC) returned to $100 in pre-market trading on Wednesday. Strategy may sell more shares through market price issuance to raise funds for further BTC purchases. STRC last traded at this price level between November 4th and November 13th, before dropping to a low near $90. After ...
According to reports, Strategy's (MSTR) perpetual preferred stock Stretch (STRC) returned to $100 in pre-market trading on Wednesday. Strategy may sell more shares through market price issuance to raise funds for further BTC purchases. STRC last traded at this price level between November 4th and November 13th, before dropping to a low near $90. After the price rebound, Strategy can issue shares through an ATM mechanism linked to this product. (CoinDesk)
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Link: Strategy's perpetual preferred stock STRC price rebounds to $100, may help continue buying Bitcoin [Copy]
