Stretch (STRC), the perpetual preferred equity issued by bitcoin treasury company Strategy (MSTR), returned to its $100 par value in pre-market trading for the first time since November 2024. Following the rebound, Strategy CEO Phong Le purchased 12 STRC shares at $99.99 each, totaling $1,200, according to BitcoinTreasuries.NET. This price recovery allows for potential at-the-market share offerings to fund additional Bitcoin acquisitions. STRC offers an 11% annual dividend with monthly cash payments and has increased its yield five times since July. MSTR’s common stock gained 4% in pre-market trading to $165, while STRC remained flat at $100.