BSTRvsXBTE
Bitcoin Standard Treasury vs CoinShares / XBT Provider
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.
BSTR
Bitcoin Standard Treasury
🇺🇸 US
30,021 BTC
$2.3B market value
XBTE
CoinShares / XBT Provider
🇨🇭 CH
48,466 BTC
$3.8B market value
Metric
BSTR
XBTE
BTC holdings
30,021 BTC
48,466 BTC
Market value of BTC
$2.3B
$3.8B
Average cost per BTC
$118,000.00
—
Total cost basis
$3.5B
—
mNAV (market cap ÷ BTC value)
1.28×
—
Sats per share
30.0k
—
Last disclosed purchase
7/22/2025
—
Country
🇺🇸 US
🇨🇭 CH
- 7/22/2025+30,021 BTC$3.5B
No tracked purchases yet
BSTR vs XBTE: frequently asked
Which company holds more Bitcoin, BSTR or XBTE?▾
CoinShares / XBT Provider (XBTE) holds 48,466 BTC, compared to Bitcoin Standard Treasury's (BSTR) 30,021 BTC — roughly 1.6× more.
What's the total Bitcoin value on the balance sheets of BSTR and XBTE?▾
BSTR holds $2.3B worth of Bitcoin at current market prices. XBTE holds $3.8B.
Who has a lower cost basis per BTC, BSTR or XBTE?▾
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 disclosed a 30,021 BTC purchase on July 22, 2025.
When did XBTE last buy Bitcoin?▾
XBTE's last BTC purchase isn't in our tracked history yet.