According to BeInCrypto, Peter Schiff states that MicroStrategy has brought its Stretch (STRC) preferred stock back toward its $100 par value. He contends that the company no longer possesses the issuance channel it previously used to finance Bitcoin purchases. Despite this loss of the funding mechanism, MicroStrategy continues to acquire Bitcoin and is presently financing those latest purchases with proceeds from sales of common stock. Schiff attributes the change to buybacks and the Bitcoin‑related activity.
