Strategy's perpetual preferred stock STRC rose to $99.95.

BlockBeats news, October 30 - With Strategy's third-quarter earnings report imminent, its perpetual preferred stock STRC has risen to $99.95 for the first time in 165 days.

STRC is designed to trade near $100 through a floating dividend anchor. When near par value, the company can raise funds through ATM issuance to purchase Bitcoin, a path often referred to by the market as the "Bitcoin money printer." Previously, after STRC fell below par value, related ATM issuance was temporarily halted.