Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR), the largest corporate holder of bitcoin (BTC), reclaimed $100 in pre-market trading for the first time since early November, opening the doors for sales to fund more BTC purchases. STRC last traded at that level between Nov. 4 and Nov. 13, before falling to a low near $90. The return to par allows Strategy to issue shares through at-the-market (ATM) offerings tied to the product. The equity is branded as short-duration, high-yield ...