Strategy’s Stretch preferred stock climbs back to $100 par value
Photo: Crypto Briefing
STRC regained par for the first time in nearly six months, which could reopen a key funding channel for Strategy's Bitcoin buying Strategy’s Stretch preferred shares are back at $100 par value. That is the first time in nearly six months the security has traded at the level it was designed to hold. For most stocks, a round number is just a round number. For Stretch, ticker STRC, $100 is the line between Strategy being able to raise fresh capital through the instrument and being locked out of it.
Source: Crypto Briefing
