$BTC Preference shares of Strategy rebound to $100

According to ChainCatcher, Strategy's perpetual preferred shares, Stretch (STRC), have rebounded to $100 in the pre-market trading session on Wednesday. The company may consider issuing additional shares at market price to raise funds for purchasing more Bitcoin.

STRC last traded at this level between November 4 and November 13, before dropping to a low of nearly $90. Following the price recovery, Strategy may issue shares linked to this product through its ATM issuance program.