Strategy perpetual preferred stock STRC price rebounds to $100, which may help it continue to increase its Bitcoin holdings

According to CoinDesk, the perpetual preferred stock Stretch (STRC) issued by Strategy (MSTR) returned to $100 in pre-market trading on Wednesday. Strategy may sell more shares through a market offering to raise funds for further purchases of BTC.

The last time STRC traded at this price level was between November 4 and November 13, after which it fell to a low near $90. Following the price rebound, Strategy could issue shares through an ATM linked to this product.