Strategy overtakes Oracle as one of the most-traded US stocks

Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, has overtaken Oracle Corporation (NYSE: ORCL) in daily trading volume, making it the 24th most-traded stock in the US. Despite being a fraction of Oracle’s size, Strategy’s trading activity has surged through 2026, driven by its large Bitcoin holdings and speculative interest.

The company’s 30-day average trading volume has ranged between 22 million and 25 million shares, translating to roughly $3.6-3.9 billion in dollar terms. Oracle, in comparison, has averaged around 19 million shares. August 2026 was particularly notable, with MSTR’s volume peaking at 46-49.2 million shares and briefly ranking as high as the 10th most active stock.

Strategy’s market capitalization stands at $54-65 billion, while Oracle’s is $592 billion. The company holds over 800,000 BTC, funded through equity and preferred share raises exceeding $5.6 billion by May 2026. This shift from a software firm to a Bitcoin-focused entity has redefined its trading patterns, which are now more influenced by crypto market conditions than traditional tech metrics.

The high trading volume offers liquidity for active traders, but the stock’s function as a Bitcoin proxy means it can experience rapid shifts based on crypto sentiment. Short interest, ranging between 9-14% of its market cap, adds another layer of volatility. How Strategy continues funding its Bitcoin purchases will shape its trading activity in the future.