Strategy Inc. Overtakes Palantir as Most Actively Traded Stock in US
Strategy Inc., formerly known as MicroStrategy, has become one of the most actively traded stocks in the US, surpassing Palantir Technologies. The company's share turnover reached as high as 46 to 49.2 million shares per day during peak days in August, temporarily ranking it among the top 10 most actively traded stocks.
The 30-day average trading volume settled into a range of 22 to 25 million shares by mid-September, with daily dollar volume hovering near $3.6 to $3.9 billion. Strategy's stock has occasionally climbed as high as the 16th position on most-active lists, surpassing Robinhood.
The company's strategy involves raising capital through equity and preferred stock offerings, then using the proceeds to buy Bitcoin. This approach has created a massive Bitcoin treasury, estimated to be above 840,000 BTC, effectively turning MSTR into a leveraged bet on Bitcoin's price.
High short interest in MSTR, sitting at approximately 14% of its market cap as of February 2026, adds fuel to the stock's volatility. When Bitcoin rallies and MSTR follows, short sellers face pressure to cover their positions, driving the price higher and generating even more trading volume.