Strategy's Perpetual Preferred Stock Rebounds to $100

According to ChainCatcher, Strategy's perpetual preferred stock, Stretch (STRC), returned to $100 during pre-market trading on Wednesday. The company may consider selling more shares at market price to raise funds for further Bitcoin purchases.The last time STRC traded at this level was between November 4 and November 13, before it dropped to a low near $90. Following the price rebound, Strategy can issue shares linked to this product through an ATM offering.