Saylor Teases One other Technique Bitcoin Buy Amid NAV Drop

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Technique Holds Extra Bitcoin Than The Prime 15 BTC Treasury Companies DAT NAVs Collapse, Wiping Out Billions In Paper Wealth Associated Articles:

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Michael Saylor has hinted that Technique, the most important Bitcoin treasury agency globally, will announce one other BTC purchase at the moment.

“Crucial orange dot is all the time the subsequent,” Saylor wrote in a latest X put up, which included a screenshot of the SaylorTracker chart. Previously, posts like these by Saylor have been adopted with bulletins of recent Bitcoin purchases. This has led to hypothesis that one other Technique BTC purchase might be introduced quickly.

The continued Bitcoin accumulation by Technique comes at the same time as the online asset values (NAVs) for digital asset treasury (DAT) companies collapse.

Technique Holds Extra Bitcoin Than The Prime 15 BTC Treasury Companies

The chart in Saylor’s put up exhibits that there have been 82 purchases by Technique, with the agency’s complete holdings standing at 640,250 BTC, price round $69 billion at present costs. The corporate has additionally achieved an unrealized acquire of 48.99% after buying the BTC at a median value of $74K per coin.

Saylor Teases One other Technique Bitcoin Buy Amid NAV Drop

Prime 20 company BTC holders (Supply: Bitcoin Treasuries)

Technique holds almost 2.5% of BTC’s complete provide of 21 million cash, greater than the mixed reserves of the highest 15 public miners and company treasuries. The Bitcoin Treasuries information exhibits that these prime 15 public firms collectively maintain greater than 900K BTC.

Crypto miner MARA Holdings is the second-biggest holder with 53,250 BTC on its stability sheet. Coming in at third is XXI with 43,514 BTC.

In the meantime, Japan-based Metaplanet, which is the most important company Bitcoin treasury in Asia, is the fourth-biggest BTC treasury on the planet with 30,823 BTC. Bitcoin Normal Treasury Firm rounds out the highest 5 with 30,021 BTC.

The remainder of the highest 15 company Bitcoin holders, which incorporates Riot Platforms, CleanSpark, Coinbase, and Tesla, maintain smaller quantities of BTC.

DAT NAVs Collapse, Wiping Out Billions In Paper Wealth

Whereas there was preliminary investor euphoria round DAT companies, the hype bubble round these firms has seemingly popped, in response to 10x Analysis.

“The age of monetary magic is ending for Bitcoin treasury firms,” stated 10x Analysis analysts in a report final week.

“They conjured billions in paper wealth by issuing shares far above their actual Bitcoin worth — till the phantasm vanished,” the analysts added.

Within the “monetary magic trick,” the DAT companies managed to switch wealth from retail traders who overpaid for the businesses’ shares into precise Bitcoin for the companies. As such, shareholders have misplaced billions of {dollars} whereas executives have gathered actual BTC, the analysts stated.

The analysts highlighted Metaplanet for instance. Of their report, they stated that the Asia-based agency reworked a market cap of $8 billion that was supported by simply $1 billion in precise Bitcoin holdings right into a $3.1 billion market cap firm that holds $3.3 billion in BTC.

The stress on DAT NAVs has led to Metaplanet briefly suspending the train of its “twentieth to twenty second sequence” inventory acquisition rights from about Oct. 20 to Nov. 17 as a part of an effort to optimize its “capital elevating methods.”

*Discover Relating to Designation of Suspension of Train of the twentieth to twenty second Sequence of Inventory Acquisition Rights Issued through Third-Get together Allotment* pic.twitter.com/63E2tXrGSH
— Metaplanet Inc. (@Metaplanet_JP) October 10, 2025

Technique itself skilled the same “boom-and-bust cycle in its web asset worth,” the analysts famous.

Taking a look at Technique’s share value, the corporate’s inventory has dropped over 13% up to now month, information from Google Finance exhibits.

Strategy share price performance over the past month

Technique share value efficiency over the previous month (Supply: Google Finance)

The losses continued up to now week, with the corporate’s inventory value dropping greater than 5% throughout this era. Nonetheless, Technique’s share value did rise over 2% throughout Friday’s buying and selling session.

The latest drop in Technique’s inventory value coincides with a decelerate within the firm’s Bitcoin purchases. Though Technique appears to be persevering with its BTC accumulation, the quantity of cash purchased with every of the latest purchases has been so much smaller than the quantities seen with buys earlier this yr.

Technique’s final Bitcoin buy was final week on Oct. 13, when the agency purchased 220 BTC. Previous to this latest buy, the corporate additionally purchased 196 BTC on Sept. 29 and 850 BTC on Sept. 22.

These buy quantities are considerably smaller than the 1,955 BTC purchased on Sept. 8, or the 21,021 BTC and the ten,100 BTC purchased on July 29 and June 16, respectively.