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

ChainCatcher news, Strategy (formerly MicroStrategy) founder Michael Saylor posted on X that STRK was the best-performing and most liquid perpetual preferred security in the first two weeks of trading.

Previously, Strategy's new convertible preferred stock Strike (STRK) was listed on NASDAQ. The company set new performance targets, including achieving $10 billion in Bitcoin revenue by 2025 and a Bitcoin yield of 15%. Additionally, the company did not adopt Financial Accounting Standards Board (FASB) rules, which would have otherwise avoided a $1 billion impairment loss.

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