A post by @WuBlockchain on X.

Strategy’s perpetual preferred stock STRC briefly traded at $100 on November 4, the first time it has reached that level since May and the minimum price at which the company intends to issue new shares. The recovery to par matters because it could reopen Strategy’s preferred-equity issuance channel, giving the Bitcoin treasury company fresh capital to fund further purchases. STRC had traded below its stated issuance threshold for months, effectively sidelining that funding route. A sustained move at or above $100 would signal renewed investor appetite for the instrument and restore a key lever for Strategy’s Bitcoin accumulation strategy. Watch whether STRC holds par over the coming sessions and whether Strategy follows with a new preferred offering.