Strategy outtrades Goldman Sachs in daily volume as MSTR becomes Wall Street’s Bitcoin proxy

There is a company that owns Bitcoin, issues preferred shares to buy more Bitcoin, and has quietly become more actively traded on any given day than one of the most storied investment banks in American history. That company is Strategy Inc., formerly MicroStrategy, and its stock ticker MSTR just out-traded Goldman Sachs by daily volume. On June 9, MSTR ranked 27th among the most actively traded equities in the US, with daily trading volume crossing $2 billion. Goldman Sachs came in behind it. How a software company became a Bitcoin trading vehicle What was once a business intelligence software company has methodically transformed itself into a Bitcoin treasury operation, accumulating more than 800,000 BTC as of mid-2026. Strategy raised more than $5.6 billion through preferred share offerings year-to-date through May 2026. The playbook is straightforward in concept if aggressive in execution: issue equity and debt instruments, convert proceeds into Bitcoin, repeat. Recent sessions have seen 15 to 20 million shares change hands. Why traders are choosing MSTR over buying Bitcoin directly Many institutional mandates, retirement accounts, and brokerage platforms either restrict or comp...