Strategy’s perpetual preferred stock STRC has traded above $98 for the first time in 12 weeks, according to BitcoinTreasuries, bringing it within $2 of the $100 level. The Nasdaq-listed security pays a fixed dividend and could allow Strategy to raise capital for additional bitcoin purchases if it trades above that threshold. Strategy, the business intelligence firm formerly known as MicroStrategy, has used debt and equity offerings to build its bitcoin treasury. A sustained move above $100 could support new preferred-share issuance at a premium, although STRC remains exposed to investor sentiment, broader market conditions and bitcoin’s price volatility.