Preheat & prep: Preheat oven to 325°F (165°C). Grease and flour a Bundt pan.
Cream butter & sugar: Beat butter and cream cheese until smooth. Add sugar and beat until fluffy.
Add eggs & vanilla: Mix in vanilla and add eggs one at a time, beating well after each.
Mix dry ingredients: Add baking powder and 1 cup of flour, mix, then add remaining flour gradually.
Fold in strawberries: Gently mix in chopped fresh strawberries.
Bake: Pour batter into the prepared pan and bake for about 1 hour or until a toothpick comes out clean.
Cool & release: Let cake cool in the pan for 5 minutes, then loosen edges with a knife and invert onto a wire rack.
Serve: Let cool completely before slicing and serving.