MSTR Surpasses Berkshire Hathaway in Daily Trading Volume

Strategy Inc., formerly known as MicroStrategy, has surpassed Berkshire Hathaway in daily trading volume, marking a new era for Bitcoin proxy stocks. This development is significant, considering it was unimaginable just five years ago.

In late December 2025 and persisting into 2026, MSTR frequently ranked among the most actively traded stocks on US exchanges, with some days reaching up to 49 million shares traded. On certain days in August 2026, the stock generated up to $4.4B in daily turnover and landed as the 10th-most active US equity.

Strategy's shift from enterprise software to a Bitcoin treasury began by mid-2026, holding more than 800,000 BTC on its balance sheet, roughly 4% of all existing Bitcoin. This accumulation was made possible through aggressive capital raises, including preferred equity offerings designed to fund additional Bitcoin purchases.