Preferred shares recovered in nine days after their ex-dividend drop, enabling further bitcoin accumulation. STRC, the perpetual preferred equity used by Strategy to fund bitcoin purchases, returned to its $100 par value nine trading days after going ex-dividend on March 13 The rebound is slightly faster than its typical 10-day recovery period. The return to par gives Strategy the freedom to issue more of the stock through its at-the-market program, raising funds to buy more bitcoin. Stretch (S…
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