Trade Strategy (MSTR) 24/7, permissionless
A software company that became a bitcoin holding vehicle. Trades like BTC with extra torque, around the clock in spirit already. The Nasdaq closes at 4pm New York time and takes weekends off. The MSTR market on Based does not.
Strategy (MSTR)
$120.68+2.5%24h
Nasdaq · United States · quoted in USD
MSTR trading hours on Based vs a broker
| When can you trade MSTR? | Based | Traditional broker |
|---|---|---|
| Weekdays, 9:30am to 4pm ET | Open | Open |
| Weeknights | Open | Closed, or limited after-hours sessions |
| Saturdays and Sundays | Open | Closed |
| Market holidays | Open | Closed |
How trading MSTR works here
The MSTR market lives on Hyperliquid, a decentralised platform, as a perpetual future that tracks the Strategy price. Based is the self-custody wallet you trade it from, not a broker. You get price exposure, long or short, with leverage available. You do not own the underlying share, so there are no dividends and no voting rights. Like every perp, positions carry liquidation risk, and funding fees apply while they are open.
Getting in takes a self-custodial wallet and USDC. No brokerage account, no bank account, no application. Wondering how that compares to your current platform? See Based vs Robinhood.
Fees are flat and public: stock perps start at 0.011% taker and 0.005% maker, all-in, before any staking discounts. The full schedule is on the fees page.
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Frequently asked questions
- Can I trade MSTR on weekends?
- Yes. The Strategy market on Based runs 24 hours a day, 7 days a week, including Saturdays, Sundays and market holidays. There is no closing bell.
- Do I need a broker to buy MSTR?
- No. Based is not a broker. It is a self-custody wallet that connects you to Hyperliquid, the decentralised platform where the MSTR market runs. There is no brokerage account to open and no bank account required.
- Do I own actual Strategy shares on Based?
- No. What you trade through Based is a perpetual future on Hyperliquid tracking the MSTR price: a derivative, not the share. No dividends and no voting rights, and like every perp it carries liquidation risk, with funding fees while a position is open.
- What do I need to start trading MSTR?
- A self-custodial wallet and USDC to fund it. Connect the wallet, deposit, and trade. Setup usually takes a few minutes and does not involve an account application.
Start in three steps
- Step 1
Connect a wallet
Any self-custodial wallet works. No account application, no paperwork.
- Step 2
Fund it
Deposit USDC. You do not need a bank account to do it.
- Step 3
Trade 24/7
Stock perps, crypto perps and prediction markets. Nights, weekends, holidays.
Based is a self-custody wallet, not a broker. Markets are perpetual futures on Hyperliquid: derivatives with liquidation risk and funding fees, not the underlying stocks or coins.