Strategy passes JPMorgan in trading volume, ranks as 19th most-traded US stock

Strategy, the Bitcoin treasury company run by Michael Saylor, has overtaken JPMorgan in trading volume. That makes MSTR the 19th most-traded stock in the US. JPMorgan is a bank with a market value north of $950 billion. Strategy is a company that mostly holds Bitcoin. The numbers behind the trading frenzy Strategy Inc. trades on the Nasdaq under the ticker MSTR. It was formerly known as MicroStrategy. In mid-2026, MSTR regularly moved between 15 and 25 million shares a day. On several days in August 2026, volume climbed to nearly 49 million shares. The dollar value of that activity ranged from $1.5 billion to $3.9 billion. The 19th-place ranking is not even the stock’s high-water mark. On peak days in 2026, MSTR reached 10th place in trading volume among all US stocks. Strategy’s market capitalization ranged from $38 billion to $50 billion over the period. JPMorgan’s sits above $950 billion. Why traders can’t stop touching MSTR Strategy has built more than 845,000 BTC in holdings, at an estimated acquisition cost exceeding $63 billion. The company funds those purchases by issuing stock. It has raised over $5.6 billion through preferred share offerings alone, on top of other equity ...