MicroStrategy buys Bitcoin again, STRK has risen 12% since its issuance

After US President Donald Trump announced a 25% tariff on all imported steel and aluminum, the US dollar strengthened, gold prices broke through $2,900 to hit a new high, and tech stocks led the Wall Street rally. Strategy (formerly MicroStrategy) bought more BTC, and its perpetual preferred stock STRK has officially started trading in the secondary market, up 12% from the issue price.

(Gold prices nearing $3,000 hit new highs, China's central bank resumes gold purchases, supporting the renminbi for three consecutive months)

The market temporarily ignores the tariff turmoil, and US stocks are led by tech stocks to rise

The Trump administration announced that it will impose tariffs on steel and aluminum from all countries, including major suppliers Mexico and Canada, starting March 4, but is considering exempting Australia. Trump also said he will announce this week which countries importing products into the US will be subject to reciprocal tariffs.

However, many investors are starting to realize that most tariff negotiations are unlikely to yield results, and these statements are increasingly sounding like negotiation tactics.

TSMC's January revenue hit a new high for the same period, Nvidia led the tech stock rally, and the market temporarily ignored the tariff turmoil and re-entered to buy stocks.

Strategy buys BTC again, STRK has risen 12% since listing

Strategy (formerly MicroStrategy), which has rebranded, announced that it has purchased 7,633 BTC at a price of $97,255 per BTC, for a total of $742.4 million.

As of February 9, 2025, Strategy holds a total of 478,740 BTC, with a total cost of $31.1 billion and an average cost of $65,033 per BTC. It has achieved a 4.1% BTC return since the beginning of 2025.

In addition, Strategy's perpetual preferred stock STRK has officially started trading in the secondary market, with the stock price rising to $89.5 yesterday, up 12% from the issue price of $80.

(An 8% annual dividend and 20% discount on issuance! Is MicroStrategy's perpetual preferred stock STRK tempting?)

BTC hovers around $97K, ETH reported at $2,654

Cryptocurrencies also rose slightly yesterday, with BTC hovering around $97K and ETH struggling to recover after falling below $3,000, closing at $2,654 before the deadline. Hedge funds have recently significantly increased their Short positions on ETH, which may lead to violent price fluctuations and attract investor attention.

(Ethereum Short positions surged 40% in a week, can the bears cover or is it a lost cause?)