TREE NEWS reports: Over the past month, the combined average daily trading volume of Strategy’s MSTR and STRC was 1.3 times that of JPMorgan’s JPM and its largest preferred shares JPM-PJ combined. The comparison places the Bitcoin-linked securities’ trading activity above that of one of the largest US banks.
Strategy’s MSTR, STRC Average Daily Volume 1.3x JPMorgan’s JPM, JPM-PJ
This is a striking liquidity signal: a Bitcoin-linked issuer's equity and preferred shares are trading more heavily than one of the largest US banks, which speaks to how much speculative and yield-seeking flow now concentrates in crypto-adjacent structures. It matters for market structure, not just sentiment, since deep volume in preferreds like STRC suggests demand for yield-bearing crypto exposure is broadening beyond spot ETFs. The open question is whether that turnover reflects durable holder base growth or largely tactical, momentum-driven trading that could thin out quickly.
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