COINvsHUT
Coinbase vs Hut 8
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
COIN
HUT
BTC holdings
14,548 BTC
15,679 BTC
Market value of BTC
$1.1B
$1.2B
Average cost per BTC
$35,634.00
—
Total cost basis
$518.4M
—
mNAV (market cap ÷ BTC value)
37.38×
6.94×
Sats per share
6.5k
14.1k
Last disclosed purchase
2/12/2026
11/4/2025
Country
🇺🇸 US
🇨🇦 CA
- 2/12/2026+841 BTC$75.0M
- 10/30/2025+2,682 BTC$300.0M
- 7/30/2025+2,509 BTC$222.0M
- 5/9/2025+267 BTC$25.4M
- 12/31/2022+1,127 BTC$23.7M
- 11/4/2025+2,025 BTC$320.0M
COIN vs HUT: frequently asked
Which company holds more Bitcoin, COIN or HUT?▾
Hut 8 (HUT) holds 15,679 BTC, compared to Coinbase's (COIN) 14,548 BTC — roughly 1.1× more.
What's the total Bitcoin value on the balance sheets of COIN and HUT?▾
COIN holds $1.1B worth of Bitcoin at current market prices. HUT holds $1.2B.
Who has a lower cost basis per BTC, COIN or HUT?▾
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 HUT last buy Bitcoin?▾
HUT disclosed a 2,025 BTC purchase on November 4, 2025.