Strategy's perpetual preferred stock Stretch (STRC) has rebounded over 30% from its June lows and is currently trading at approximately $94. The company generated $321 million by selling 5,226 Bitcoin and repurchased $106 million of STRC. Additionally, Strategy's USD cash reserves have increased to $4 billion, sufficient to cover approximately 2.3 years of preferred stock dividend obligations and maintain STRC's annualized dividend yield at 12%. Bitcoin prices have also stabilized above $60,000.