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CoinVoice has learned that, according to CoinDesk, Strategy (MSTR) issued perpetual preferred stock Stretch (STRC) regained $100 in pre-market trading on Wednesday. Strategy may sell more shares at market price to raise funds for further BTC purchases.
The last time STRC traded at this level was between November 4 and November 13, after which it dropped to a low near $90. After the price rebounded, Strategy could issue shares through an ATM method linked to this product.