Michael Saylor, the billionaire entrepreneur known for his pioneering investment strategies, has provided a significant update regarding his company’s Bitcoin holdings. Strategy, previously known as MicroStrategy, has emerged as the world’s largest custodian of Bitcoin, boasting a portfolio valued at an impressive $65.45 billion. Saylor’s update was succinctly accompanied by the phrase “Best continue,” indicating his ongoing commitment to this digital asset.
As of November 9, 2025, Strategy possesses a staggering 641,205 BTC, with an average cost basis of $74,064 per Bitcoin. This strategic accumulation has led to an unrealized gain of 38%, equating to an impressive $18 billion in profit. The visual data shared by Saylor delineates a total of 85 purchase transactions, with the most recent addition of 397 BTC occurring this week, as reported by BitcoinTreasuries.
The chart illustrates a series of consistent investments made even during prolonged downturns in 2022, which have contributed to a running cost basis that currently stands notably lower than Bitcoin’s prevailing trading range of approximately $102,000. This reflects the resilience and long-term vision inherent in Saylor’s investment approach.
The dramatic rise in Bitcoin’s value, which saw a 700% increase since the fallout from the FTX crash in November 2022, has propelled Strategy’s market capitalization to $69 billion, with diluted figures reaching $77 billion. Additionally, the company’s enterprise value has surged to $84 billion, translating to a premium of up to 1.28 times the market-adjusted net asset value (mNAV).
As for recent procurement activities, Saylor’s latest communication alludes to another round of Bitcoin acquisitions that took place last week. Based on previous patterns, analysts suggest that the recent buy could fall within the range of 300 to 500 BTC.
Despite ongoing discussions regarding potential over-leverage, Strategy’s debt ratios have remained stable, particularly following the refinancing of its 2028 notes. This stability suggests that Saylor’s overarching investment strategy continues to thrive—buying more Bitcoin, leveraging where necessary, and allowing the cryptocurrency to drive future growth and profitability.
