Bitcoin Standard Treasury (BSTR) vs Bullish (BLSH)
Side-by-side Bitcoin treasury comparison: holdings, market cap, mNAV ratio, BTC per share, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
B
Bitcoin Standard Treasury
BSTR · US
30,021
$2.3B market value
B
Bullish
BLSH · US
24,300
$1.9B market value
Metric
BSTR
BLSH
BTC holdings
30,021
24,300
Market value of BTC
$2.3B
$1.9B
Average cost per BTC
—
—
Total cost basis
—
—
mNAV (market cap ÷ BTC value)
1.28×
1.05×
Sats per share
30.0k
16.1k
Last disclosed purchase
—
—
Country
🇺🇸 US
🇺🇸 US
No tracked purchases yet
No tracked purchases yet
BSTR vs BLSH: frequently asked
Which company holds more Bitcoin, BSTR or BLSH?▾
Bitcoin Standard Treasury (BSTR) holds 30,021 BTC, compared to Bullish's (BLSH) 24,300 BTC — roughly 1.2× more.
What's the total Bitcoin value on the balance sheets of BSTR and BLSH?▾
BSTR holds $2.3B worth of Bitcoin at current market prices. BLSH holds $1.9B.
Who has a lower cost basis per Bitcoin, BSTR or BLSH?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did BSTR last buy Bitcoin?▾
BSTR's last BTC purchase isn't in our tracked history yet.
When did BLSH last buy Bitcoin?▾
BLSH's last BTC purchase isn't in our tracked history yet.