Coinbase (COIN) 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.
C
Coinbase
COIN · US
14,548
$1.1B market value
B
Bitcoin Standard Treasury
BSTR · US
30,021
$2.3B market value
Metric
COIN
BSTR
BTC holdings
14,548
30,021
Market value of BTC
$1.1B
$2.3B
Average cost per BTC
$35,634.00
—
Total cost basis
$518.4M
—
mNAV (market cap ÷ BTC value)
35.24×
1.28×
Sats per share
6.5k
30.0k
Last disclosed purchase
2/12/2026
—
Country
🇺🇸 US
🇺🇸 US
- 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
No tracked purchases yet
COIN vs BSTR: frequently asked
Which company holds more Bitcoin, COIN or BSTR?▾
Bitcoin Standard Treasury (BSTR) holds 30,021 BTC, compared to Coinbase's (COIN) 14,548 BTC.
What's the total Bitcoin value on the balance sheets of COIN and BSTR?▾
COIN holds $1.1B worth of Bitcoin at current market prices. BSTR holds $2.3B.
Who has a lower cost basis per Bitcoin, COIN or BSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did COIN last buy Bitcoin?▾
COIN disclosed a 841 BTC purchase on February 12, 2026.
When did BSTR last buy Bitcoin?▾
BSTR's last BTC purchase isn't in our tracked history yet.