Strategy’s $100 STRC comeback could turn a cash drain into fresh Bitcoin buying power

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 05 Nov, 18:30 UTC

Strategy's STRC preferred stock briefly returned to $100 on Nov. 4, potentially restoring a funding channel for Bitcoin purchases after months of cash-consuming share buybacks. The company announced on Nov. 4 that its STRC security had reached $100, prompting executive chairman Michael Saylor to…