Goldman Sachs added $386 million in Strategy Inc. shares, pushing its total stake in the Bitcoin treasury company to $558 million. The bank now holds roughly 2.33 million shares, using Strategy as its route to Bitcoin exposure rather than buying the asset directly.
Goldman Sachs added $386 million worth of Strategy Inc. shares to its portfolio, bringing its total position in the company formerly known as MicroStrategy to $558 million. The bank has not bought Bitcoin directly. Instead, it has built up the stake through the Nasdaq-listed company that Executive Chairman Michael Saylor has spent years turning into a publicly traded Bitcoin holding vehicle.
Goldman builds exposure through Strategy stock
Goldman has accumulated roughly 2.33 million shares of Strategy Inc. It added approximately 237,874 shares in the fourth quarter of 2025 alone, according to 13F filings — mandatory disclosures that large institutional investors submit to the SEC each quarter.
Strategy funds its Bitcoin purchases primarily through equity offerings and convertible notes, a capital-raising playbook it has run since 2020. As a result, when Goldman buys Strategy shares, it is effectively financing that machine and betting that it keeps working.
A Bitcoin treasury company, not a software company
Strategy completed its rebrand from MicroStrategy in February 2025, a move that stripped away any pretense of being a software company with a side interest in crypto. It is a Bitcoin treasury company, full stop.
Strategy holds more Bitcoin than any other corporation on earth, a title it has defended through continued purchases. For institutions that want Bitcoin exposure without custody headaches, regulatory uncertainty around direct holdings, or internal risk-committee drama, Strategy stock offers the path of least resistance.
Source: Crypto Briefing
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