Bitcoin Standard Treasury (BSTR) vs Coinbase (COIN)
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
C
Coinbase
COIN · US
14,548
$1.1B market value
Metric
BSTR
COIN
BTC holdings
30,021
14,548
Market value of BTC
$2.3B
$1.1B
Average cost per BTC
—
$35,634.00
Total cost basis
—
$518.4M
mNAV (market cap ÷ BTC value)
1.28×
35.24×
Sats per share
30.0k
6.5k
Last disclosed purchase
—
2/12/2026
Country
🇺🇸 US
🇺🇸 US
No tracked purchases yet
- 2/12/2026+841$75.0M
- 10/30/2025+2,682$300.0M
- 7/30/2025+2,509$222.0M
- 5/9/2025+267$25.4M
- 12/31/2022+1,127$23.7M
BSTR vs COIN: frequently asked
Which company holds more Bitcoin, BSTR or COIN?▾
Bitcoin Standard Treasury (BSTR) holds 30,021 BTC, compared to Coinbase's (COIN) 14,548 BTC — roughly 2.1× more.
What's the total Bitcoin value on the balance sheets of BSTR and COIN?▾
BSTR holds $2.3B worth of Bitcoin at current market prices. COIN holds $1.1B.
Who has a lower cost basis per Bitcoin, BSTR or COIN?▾
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 COIN last buy Bitcoin?▾
COIN disclosed a 841 BTC purchase on February 12, 2026.