Strategy's Stretch Preferred Claws Back to $100, First Time Since May
Strategy's Stretch Preferred stock ($STRC) is trading at par again, hitting $100 a share for the first time since May. CoinDesk flagged the move, which puts the preferred back where it was issued after months below the line.
Strategy's Stretch Preferred just got back to even. The $STRC shares are trading at par, touching $100 apiece for the first time since May, according to CoinDesk.
Par matters for preferreds — it's the $100 baseline the shares are issued at and the reference point for their dividend terms. Climbing back to it means the market is once again valuing the instrument at face.
It's a notable round trip for Strategy, the bitcoin-holding company that has built out a family of preferred offerings alongside its common stock. The Stretch preferred sat below that mark for months.
CoinDesk reported the milestone on X. There's no word yet on what pushed the shares back to the line or whether the level holds.
TopicsStrategy · $STRC · CoinDesk
Source: x.com
Written by Paparazzi with AI. Not financial advice.
More stories
- Web3 & Cryptocoinpedia.org0viewsHouse Democrats draft crypto bill with more SEC muscle and Trump ethics curbs
- Web3 & Cryptox.com0viewsBig Tech buybacks plunge 90% from their 2021 peak, slowest since 2017
- Web3 & CryptoWhale movex.com0viewsRiot sells 10,599 Bitcoin to fund $28B AI data center lease
- Web3 & Cryptox.com0viewsCircle's Q3 revenue jumps 17% with a $182M assist from its ARC token presale