MicroStrategy's STRK Soars to Top in Two Weeks
1min read MicroStrategy's STRK Becomes Top-Performing Perpetual Security in Just Two Weeks
MicroStrategy, the business intelligence company, has made a strong entry into the market with its Strike Preferred Stock (STRK). Within just two weeks of its launch, STRK has emerged as the top-performing and most liquid perpetual security among US-listed offerings since 2022.
STRK's rapid rise has been attributed to strong investor demand, with the stock gaining 1.3% on its first day and 8% in the first week. By the end of the second week, it had risen 17.6%, outpacing competing securities by approximately 19%.
According to data, STRK has also demonstrated strong liquidity, averaging seven times the trading volume of comparable offerings. However, despite initially reaching $100 on launch day, it later dipped to $52 within a week and settled at $48 after two weeks.
Michael Saylor, MicroStrategy's founder, shared insights into STRK's rapid rise on X, highlighting its record performance in its first two weeks. Compared to the 115 US-listed preferreds issued since 2022, $STRK ranks first in price performance, 19% higher than average, and first in trading volume, 7x the average.
STRK's strong market performance comes as two of Bitcoin's biggest supporters—Michael Saylor and President Nayib Bukele—met to discuss Bitcoin at El Salvador's presidential palace. On February 14, Saylor revealed that their discussion focused on expanding Bitcoin's role globally, with El Salvador positioned as a leader in this effort.
Meanwhile, the crypto community speculated about a possible relocation of MicroStrategy's headquarters to El Salvador, following a similar move by Tether. However, this scenario remains unlikely, given MicroStrategy's solid presence in the US, where regulatory developments are showing signs of improvement.
Under Bukele's leadership, the country has become one of the largest sovereign Bitcoin holders, while MicroStrategy remains the biggest corporate investor in BTC. According to data from the Bitcoin Treasuries, MicroStrategy owns 478,740 BTC, while El Salvador's national reserve holds 6,079 BTC.
