Strategy (NASDAQ:MSTR) Sees Large Volume Increase – What’s Next?

21 Aug 2026, 16:01 by Danessa Lincoln · The Markets Daily

Shares of Strategy Inc (NASDAQ:MSTR – Get Free Report) saw an uptick in trading volume on Friday . 14,249,897 shares changed hands during trading, a decline of 32% from the previous session’s volume of 20,972,346 shares.The stock last traded at $120.10 and had previously closed at $112.39.

More Strategy News

Here are the key news stories impacting Strategy this week:

Positive Sentiment: Strategy’s 840,447 Bitcoin holdings moved back toward profitability as Bitcoin surpassed the company’s reported average acquisition cost of approximately $75,385 per coin. Reports estimate the treasury’s unrealized gain at roughly $1.4 billion at higher Bitcoin prices. Strategy Bitcoin treasury hits breakeven point as BTC price passes $77K
Positive Sentiment: President Donald Trump’s call for Congress to establish clearer cryptocurrency rules following a White House meeting with industry executives increased expectations for regulatory support, lifting Bitcoin-linked equities broadly. A Senate vote on the Digital Asset Market Clarity Act is reportedly scheduled for September 15. Bitcoin, crypto shares climb after Trump pushes Clarity Act
Positive Sentiment: Strategy’s purchase of roughly $347 million of STRC preferred shares—more than one-third of a planned $1 billion buyback—could support the preferred security and demonstrate management’s effort to manage its capital structure. Strategy Sits on $1.4B Bitcoin Profit as BTC Price Surges Past $77K
Neutral Sentiment: CEO Phong Le said Bitcoin accumulation is expected to resume later this year, but the company is currently holding its Bitcoin position unchanged after raising approximately $334 million through an at-the-market share sale.
Negative Sentiment: The equity issuance raises dilution concerns for existing MSTR shareholders, while pausing Bitcoin purchases limits additional treasury growth during the current rally. Strategy sold $334 million in shares
Negative Sentiment: Strategy remains highly sensitive to Bitcoin volatility and financing conditions. Its latest quarterly results included a substantial EPS miss and a very large net loss, underscoring that the stock’s current momentum is primarily crypto-driven rather than supported by software earnings.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several analyst reports. TD Cowen decreased their price objective on shares of Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. BTIG Research reaffirmed a “buy” rating and set a $250.00 target price on shares of Strategy in a research note on Friday, July 31st. UBS Group reiterated a “buy” rating on shares of Strategy in a report on Friday, July 31st. Mizuho set a $165.00 price target on Strategy in a research note on Monday, August 10th. Finally, Barclays restated an “overweight” rating and set a $125.00 price objective (down from $130.00) on shares of Strategy in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Strategy has an average rating of “Moderate Buy” and a consensus price target of $239.81.

View Our Latest Report on Strategy

Strategy Stock Up 7.5%

The business’s fifty day moving average is $99.26 and its two-hundred day moving average is $128.36. The company has a market cap of $46.41 billion, a P/E ratio of -1.24 and a beta of 3.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.39 and a current ratio of 5.39.

Strategy (NASDAQ:MSTR – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The software maker reported ($24.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.19) by ($22.26). The company had revenue of $122.37 million during the quarter, compared to analysts’ expectations of $122.90 million. Strategy had a negative net margin of 6,102.95% and a negative return on equity of 74.18%. Strategy’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $32.52 earnings per share. Equities analysts predict that Strategy Inc will post -23.76 EPS for the current year.

Insider Activity at Strategy

In related news, CAO Jeanine Montgomery sold 354 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $43,839.36. Following the completion of the sale, the chief accounting officer owned 11,209 shares in the company, valued at approximately $1,388,122.56. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Phong Le acquired 11,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $90.80 per share, for a total transaction of $998,800.00. Following the purchase, the chief executive officer owned 11,000 shares of the company’s stock, valued at $998,800. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 165,325 shares of company stock worth $20,341,328. Insiders own 6.49% of the company’s stock.

Hedge Funds Weigh In On Strategy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in shares of Strategy during the second quarter valued at $396,000. Cary Street Partners Financial LLC purchased a new stake in Strategy in the second quarter worth about $202,000. Sei Investments Co. lifted its stake in Strategy by 136.0% in the second quarter. Sei Investments Co. now owns 39,905 shares of the software maker’s stock worth $16,125,000 after acquiring an additional 22,999 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Strategy by 59.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker’s stock worth $7,767,000 after acquiring an additional 7,158 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in Strategy by 22.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker’s stock worth $1,235,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Strategy Company Profile

(Get Free Report)

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.