[Strategy's STRC Hits $100 on Wednesday, First Time Since May] Odaily Planet Daily reports that Strategy's preferred stock, STRC, hit $100 intraday on Wednesday, the first time since May. STRC has rebounded from a June low of $71.25 after Strategy repurchased the preferred stock for several months to support its market price. STRC has an annualized dividend yield of 12%, or $12 per share on a par value of $100. Shareholders approved a change to daily interest payments on October 28, effective November 1, with dividends starting November 2. If the STRC price reaches or exceeds $100, Strategy may issue more preferred stock through an on-exchange offering and may use the proceeds to purchase Bitcoin; however, the issuance and purchase of Bitcoin depend on management decisions and market conditions. (Bitcoin.com News)