Strategy Inc. Surpasses Berkshire Hathaway in Daily Trading Volume

In a remarkable turn of events, Strategy Inc., the software company that transitioned to Bitcoin accumulation, has surpassed Berkshire Hathaway in daily trading volume. This development, which began in late December 2025, has continued into 2026, with MSTR frequently ranking among the most actively traded stocks on U.S. exchanges.

During certain days in August 2026, MSTR traded between 46 and 49 million shares, generating up to $4.4 billion in daily turnover, making it the 10th most active U.S. equity. By mid-2026, Strategy held over 800,000 BTC, representing approximately 4% of all Bitcoin that will ever exist, a significant concentration for a publicly traded company.

The firm has built this position through aggressive capital raises, including billions raised through preferred equity offerings aimed at funding additional Bitcoin purchases. As a result, MSTR now outpaces not only Berkshire Hathaway but also major financial institutions like Goldman Sachs and Morgan Stanley in daily trading volume.

Factors Behind High Trading Volume

• Correlation with Bitcoin: The stock's close relationship with Bitcoin drives activity whenever crypto markets fluctuate.
• Capital Structure: Strategy's capital raises have increased the float, allowing more traders access to shares.
• Short Interest: Elevated turnover is also influenced by short selling, which requires borrowing and returning shares.
• Index and ETF Inclusion: MSTR's growth has led to its inclusion in various indices and thematic ETFs, creating a cycle where passive fund flows contribute to trading volume.

The high trading volume of MSTR illustrates a clear narrative: investors, whether bullish or bearish, are closely monitoring the stock. Unlike Warren Buffett's Berkshire Hathaway, which is designed for long-term holding, Michael Saylor's Strategy has become a stock that captures constant attention.