Price Prediction
STRC Preferred Stock Hits $100
Strategy’s preferred stock, STRC, reached $100 on November 4. The company’s November 2–8 filing shows no sales of STRC through its at-the-market offering program that week. Common stock sales funded Bitcoin purchases. The filing indicates that about two-thirds of the new common-stock proceeds were used to buy back preferred shares, while less than a third went into Bitcoin purchases.