Bullish (BLSH) vs Twenty One Capital (XXI)
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
XXI
BTC holdings
24,300
43,514
Market value of BTC
$1.9B
$3.4B
Average cost per BTC
—
—
Total cost basis
—
—
mNAV (market cap ÷ BTC value)
1.05×
1.47×
Sats per share
16.1k
12.6k
Last disclosed purchase
—
—
Country
🇺🇸 US
🇺🇸 US
No tracked purchases yet
No tracked purchases yet
BLSH vs XXI: frequently asked
Which company holds more Bitcoin, BLSH or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to Bullish's (BLSH) 24,300 BTC.
What's the total Bitcoin value on the balance sheets of BLSH and XXI?▾
BLSH holds $1.9B worth of Bitcoin at current market prices. XXI holds $3.4B.
Who has a lower cost basis per Bitcoin, BLSH or XXI?▾
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 XXI last buy Bitcoin?▾
XXI's last BTC purchase isn't in our tracked history yet.