Strategy's preferred stock recovers to $100 temporarily for the first time in about half a year, making it possible to raise funds for additional BTC purchases again

Strategy's STRC preferred stock briefly regained its $100 par value on the 5th, the first time since May, as a combination of buybacks and bitcoin's recovery to $80,000 lifted the instrument back to levels that allow the company to resume raising capital through new issuance to fund additional BTC purchases. The recovery matters because STRC trading below par had effectively closed off Strategy's preferred-equity channel for financing its bitcoin accumulation strategy. Watch whether STRC holds at or above par, which would let Strategy restart at-the-market issuance and resume adding to its bitcoin holdings.