Strategy (MSTR.US) preferred stock STRC approaches $100 par value: financing tool becomes a "bleed point," company buybacks prop it up.

Zhito Finance App has learned that Strategy's (MSTR.US) perpetual preferred stock STRC (Stretch) has rebounded to as high as $99 after a brutal sell-off, just one step away from its $100 par value. But the biggest buyer supporting the rebound is the company itself.