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Michael Saylor: STRK was the best performing perpetual preferred security in its first two weeks of trading

Michael Saylor: STRK was the best performing perpetual preferred security in its first two weeks of trading

Bitget2025/02/16 00:38

Odaily Planet Daily reports that Michael Saylor, the founder of Strategy (formerly MicroStrategy), posted on X stating that in the first two weeks of trading, STRK was the best performing and most liquid perpetual preferred security. 

Earlier news reported that Strategy's new convertible preferred stock, Strike (STRK), was listed on NASDAQ. The company has set new performance targets, including reaching $10 billion in Bitcoin earnings by 2025 and a Bitcoin return rate of 15%. In addition, the company did not adopt Financial Accounting Standards Board (FASB) rules to avoid a depreciation loss of $1 billion.

So far, Strategy has used about $17 billion out of its $21 billion market value stock plan. In its earnings report, the company hinted that stock sales only accounted for 2.9% of total cumulative trading volume with trading volume from November 11th to 15th accounting for 7% of total trading volume.

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