Strategy’s STRK has emerged as the leading US-listed perpetual security since its launch in 2022. It made a strong debut, quickly outperforming similar securities in both price and liquidity. STRK initially surged to $100 but later stabilized around $48. Its trading volume is seven times higher than the average for comparable securities.
On February 15, MicroStrategy founder Michael Saylor praised STRK’s rapid growth and high demand. He pointed out that STRK is the top performer among 115 preferred securities listed in the US since 2022. On its first day, STRK rose by 1.3%, gained 8% in its first week, and ended the second week with a 17.6% increase, outperforming its competitors by nearly 19%.
The interest in STRK shows strong investor confidence, despite some price fluctuations. After peaking at $100 on launch day, it dropped to $52 within a week before stabilizing at $48. Strategy introduced STRK on January 27 to raise funds for Bitcoin purchases. It exceeded expectations by raising $563.4 million, nearly three times its initial target.
In a related development, Michael Saylor and Nayib Bukele met at El Salvador’s presidential palace to discuss Bitcoin’s global growth. Their conversation centered on increasing Bitcoin adoption, with El Salvador aiming to be a key player in the crypto market.
Speculation arose that Strategy might move its headquarters to El Salvador, following Tether’s recent relocation.
