The post Strategy defies market trends as STRK and Bitcoin holdings surge appeared on BitcoinEthereumNews.com.

Strategy (formerly MicroStrategy) preferred stock, STRK, had a record-breaking performance in its first two weeks. According to the company, STRK is now the best-performing out of 115 preferred stocks listed in the US since 2022. Per information shared on X, STRK is first in price performance with 19% more gains than the average preferred stock. It has also attracted more interest from investors, with a trading volume that is 7x the average. The company founder, Michael Saylor, also noted the stock’s strong performance, saying: “In the initial two weeks of trading, $STRK is the best performing and most liquid perpetual preferred security.” The performance highlights how well investors have taken to STRK despite earlier speculations from some analysts that it could fail to meet expectations. Barron’s analyst Andrew Bary had said in January that Strategy might have to cut the price of the stock offering by 8%. With STRK now doing better than expected, Coindesk senior analyst James Van Straten said he had contacted Barry about possibly updating his article. Another market expert noted that Barron’s take is not surprising because Wall Street underwriters usually want issuers to underprice deals so that they can appear as a big success in hindsight. STRK is Strategy’s Series A Perpetual Strike Preferred Stock, a convertible preferred stock through which Strategy seeks to raise $250 million that will be spent on buying Bitcoin. The stock has a liquidation preference of $100 and can be converted into Class A common stock under certain conditions. Strategy continues positive performance despite BTC decline The performance of STRK highlights how Strategy has been performing positively this year despite Bitcoin itself struggling. The business intelligence turned Bitcoin company has seen a strong performance, with its stock up 16.61% year to date. By comparison, Bitcoin is only up 3.42% YTD,…

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Filed under: News - @ February 15, 2025 11:16 pm