Strategy surpasses Dell in trading volume, returns to top 25 US stocks

Strategy, the company that used to be called MicroStrategy before its full pivot into becoming a Bitcoin treasury vehicle, has muscled its way back into the top 25 most actively traded stocks in the US. In doing so, it has surpassed Dell Technologies in daily trading volume, a fact that says as much about the current state of crypto sentiment as it does about Strategy’s unusual place in public markets. The stock, trading under the ticker MSTR, has been posting daily volumes between 10 million and 20 million shares. Recent sessions have clocked in around 12.6 million shares traded. Dell, despite hitting record highs in the $467 to $477 range, simply cannot match that level of turnover. A volatile ride with serious volume MSTR’s share price tells a wilder story than its volume numbers alone. The stock recently traded near $96 to $97, which looks modest until you consider its 52-week range: a low of $81.81 and a high of $414.36. That kind of swing, more than 400% from trough to peak, is the sort of thing you’d expect from a mid-cap biotech waiting on FDA approval, not a company with a market cap estimated between $33 billion and $39 billion. Under CEO Michael Saylor, Strategy transfor...