Strategy closes with all-time high market cap of $128.4 billion

Michael Saylor's Strategy (ticker MSTR), formerly known as MicroStrategy, closed Wednesday with an all-time high market capitalization of $128.4 billion, the same week bitcoin reached its record-high price north of $122,000.

Strategy's stock closed Wednesday's trading session up 3% at $455.90 per share, Nasdaq data shows. MSTR returns increased 36% in the past three months and soared 174% within the past year.

Strategy is the largest corporate holder of bitcoin, holding 601,550 BTC (valued at over $73 billion) as of July 14 and owning 2.86% of bitcoin's total supply. The firm's purchase price per bitcoin averages at $71,270 per token, The Block's Data Dashboard shows.

Investment advisor Vanguard Group — through its various funds — was recently revealed to be Strategy's largest shareholder, despite Vanguard previously calling Bitcoin an "immature asset class."

Bitcoin traded at $119,974 as of publication, with the token's price increasing 2.61% within the past day, The Block's BTC Price Page shows. Bitcoin recorded $47.8 billion in 24-hour trading volume and maintains a market capitalization of $2.4 trillion — the largest of any cryptocurrency. 

The Block reached out to Strategy for comment.

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