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Strategys market value hits a record high of $128.4 billion
Odaily News Strategy, led by Michael Saylor (formerly MicroStrategy), closed at a record high of $128.4 billion on Wednesday, the same week that the price of Bitcoin exceeded $122,000. Strategy currently holds 601,550 Bitcoins, with a market value of over $73 billion, accounting for 2.86% of the total supply of Bitcoin. The companys average purchase price is $71,270 per coin, and its stock price has risen 36% in the past three months, and has risen 174% this year. Vanguard Group has become its largest shareholder, despite once calling Bitcoin an immature asset.
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