Strategy preferred stock recovers to $100, paving way for BTC buys

Strategy's preferred stock (STRC) has recovered to its par value of $100 in pre-market trading, CoinDesk reported. According to the report, this marks the first time STRC has reached its par value in pre-market since last November, enabling the company to issue new shares through an at-the-market offering. This development opens up the possibility of the company making additional Bitcoin purchases.