(Bloomberg) -- Strategy Inc.'s flagship preferred security is a whisker away from its original offering price after a bruising selloff, helped by one committed buyer: the company itself. Most Read from Bloomberg MBS and Saudi Arabia Face Crisis With Escalating Houthi Attacks, Oil Pipeline Shut US 10-Year Yield Rises to Highest Since 2007 as Fed Looms Trump Jr.'s Wife Says Russian Paid for Parties But Not Wedding Bond Market's 'Extreme' Short Counts on Fed to Deliver Hike Apple Just Launched Its New iPhones. Here Are 16 More Products Coming Soon STRC, also known as Stretch, was meant to broaden Strategy's Bitcoin financing model beyond its volatile common stock.
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