Michael Saylor just isn’t accomplished but. The billionaire founding father of Technique (previously MicroStrategy), which he reworked into the world’s largest Bitcoin treasury, simply posted an replace exhibiting a $65.45 billion portfolio with the only caption: “Finest proceed.”
As of Nov. 9, 2025, Technique holds 641,205 BTC at a median value foundation of $74,064, representing an unrealized acquire of 38% — $18 billion in revenue proper now. The chart Saylor shared exhibits 85 buy occasions, with the newest occurring this week when 397 extra BTC had been added, in keeping with BitcoinTreasuries knowledge.
Every orange circle within the visualization displays the continual inflows of the cryptocurrency that had been made even throughout multi-month corrections in 2022. This created a operating value foundation line that now sits far under Bitcoin’s present buying and selling vary of about $102,000.
Because of Bitcoin’s 700% progress for the reason that FTX crash in November 2022, Technique’s market cap has risen to $69 billion primary and $77 billion diluted, whereas its enterprise worth stands at $84 billion — indicating a premium of as much as 1.28x mNAV.
How a lot Bitcoin did Saylor and Technique purchase this week?
As supposed, Saylor’s submit hints at one other spherical of Bitcoin accumulation that occurred final week. If one would attempt to guess primarily based on current exercise from Technique, then a purchase within the 300-500 BTC vary is fairly doable.
Apparently, regardless of considerations about over-leveraging, the agency’s debt ratios stay steady after refinancing its 2028 notes, suggesting the Bitcoin technique stays in play — purchase extra, borrow later and look forward to BTC to do the soiled work.

