Strategy Hits $128B Market Cap With 601K BTC

Strategy Inc. (ticker MSTR), the company led by Michael Saylor — formerly known as MicroStrategy — has reached an all-time high market capitalization of $128.4 billion, as its stock closed at $455.90 on July 16, up 3% on the day and over 174% year-over-year.

This milestone aligns with Bitcoin’s price surpassing $122,000, pushing the value of Strategy’s Bitcoin holdings to more than $73 billion, equivalent to 601,550 BTC, or 2.86% of Bitcoin’s total supply.

According to data from The Block, the company’s average purchase price for Bitcoin is $71,270 per coin.

Strategy Bitcoin Holdings

1. Who’s Behind MSTR’s Shareholding?

Surprisingly, Vanguard Group — which previously labeled Bitcoin an “immature asset class” — has now become the largest institutional shareholder in Strategy through multiple investment funds.

2. Market Overview:

•  - Bitcoin trades around $119,974, up 2.61% in the past 24 hours

•  - 24-hour trading volume: $47.8 billion

•  - Bitcoin market capitalization: $2.4 trillion

•  - MSTR stock has jumped 36% in the past 3 months

3. Conclusion:

Strategy’s “buy and hold” Bitcoin strategy continues to pay off as BTC hits new highs. With massive Bitcoin reserves and growing support from institutional investors like Vanguard, MSTR stands out as a prime example of corporate Bitcoin adoption — leading the movement toward "Bitcoinized" balance sheets.