The STRC stock of Strategy reached $100.

STRC Stock May Increase Bitcoin Purchases

Stretch (STRC), a perpetual preferred stock issued by Strategy, returned to its $100 nominal value in pre-market trading on Wednesday. At this level, Strategy may conduct additional stock sales to finance further Bitcoin purchases.

STRC offers an 11% dividend payment. This stock was last traded at nominal value between November 4 and November 13.