Bullish (BLSH) vs Riot Platforms (RIOT)
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.
Metric
BLSH
RIOT
BTC holdings
24,300
15,680
Market value of BTC
$1.9B
$1.2B
Average cost per BTC
—
$59,000.00
Total cost basis
—
$925.1M
mNAV (market cap ÷ BTC value)
1.05×
2.45×
Sats per share
16.1k
4.1k
Last disclosed purchase
—
4/9/2025
Country
🇺🇸 US
🇺🇸 US
No tracked purchases yet
- 4/9/2025+531$44.6M
- 3/21/2025+471$40.6M
- 1/30/2025+701$66.6M
- 1/7/2025+293$27.4M
- 12/12/2024+5,117$510.0M
BLSH vs RIOT: frequently asked
Which company holds more Bitcoin, BLSH or RIOT?▾
Bullish (BLSH) holds 24,300 BTC, compared to Riot Platforms's (RIOT) 15,680 BTC — roughly 1.5× more.
What's the total Bitcoin value on the balance sheets of BLSH and RIOT?▾
BLSH holds $1.9B worth of Bitcoin at current market prices. RIOT holds $1.2B.
Who has a lower cost basis per Bitcoin, BLSH or RIOT?▾
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 RIOT last buy Bitcoin?▾
RIOT disclosed a 531 BTC purchase on April 9, 2025.