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Strategy's STRC returns to $100, poised to unlock more bitcoin accumulation

The perpetual preferred STRC hits $100 par amid bitcoin downturn, enabling potential further BTC purchases for the company.

What to know:

Stretch (STRC) reclaimed its $100 par value for the first time since mid-January, a move that enables Strategy (MSTR) to resume at-the-market offerings for additional bitcoin purchases.

The preferred equity stabilized near par despite recent bitcoin volatility, supported by a monthly dividend rate that Strategy recently increased to 11.25%.