Strategy Inc., the company that reinvented itself from a sleepy business intelligence firm into a Bitcoin accumulation machine, just quietly muscled its way past Microsoft and Meta in daily trading volume. On August 19, MSTR moved 49.2 million shares. The next day, it pushed another 46.9 million.
Those numbers made it the 10th-most actively traded stock in the US on those days, beating out companies with market capitalizations many times its size. For context, Strategy’s market cap sits somewhere between $45 billion and $47 billion. Microsoft’s is measured in trillions.
Volume that doesn’t match the market cap
The stock’s 30-day average volume has been running between 22 million and 25 million shares. That means the August 19 spike represented roughly double its normal turnover in a single session.
This isn’t entirely new territory for MSTR, though. Earlier in 2025, the stock averaged nearly 24 million shares per day, which at the time ranked it sixth among the so-called Magnificent 7 stocks by volume.
