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