HODLvsMSTR
VanEck Bitcoin Trust vs Strategy
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.
HODL
VanEck Bitcoin Trust
🇨🇦 CA
20,000 BTC
$1.6B market value
MSTR
Strategy
🇺🇸 US
818,334 BTC
$66.7B market value
Metric
HODL
MSTR
BTC holdings
20,000 BTC
818,334 BTC
Market value of BTC
$1.6B
$66.7B
Average cost per BTC
$77,840.04
$20,126.00
Total cost basis
$2.1B
$13.5B
mNAV (market cap ÷ BTC value)
—
0.87×
Sats per share
—
250.6k
Last disclosed purchase
4/23/2026
5/6/2026
Country
🇨🇦 CA
🇺🇸 US
- 4/23/2026+50 BTC$3.9M
- 4/20/2026+85 BTC$6.3M
- 4/15/2026+85 BTC$6.3M
- 4/13/2026+35 BTC$2.5M
- 4/10/2026+28 BTC$2.0M
- 5/6/2026+0 BTC$0.00
- 4/26/2026+3,273 BTC$255.0M
- 4/19/2026+34,164 BTC$2.5B
- 4/13/2026+13,927 BTC$1.0B
- 4/6/2026+4,871 BTC$330.0M
HODL vs MSTR: frequently asked
Which company holds more Bitcoin, HODL or MSTR?▾
Strategy (MSTR) holds 818,334 BTC, compared to VanEck Bitcoin Trust's (HODL) 20,000 BTC — roughly 40.9× more.
What's the total Bitcoin value on the balance sheets of HODL and MSTR?▾
HODL holds $1.6B worth of Bitcoin at current market prices. MSTR holds $66.7B.
Who has a lower cost basis per BTC, HODL or MSTR?▾
HODL's average cost is $77,840.04 per BTC. MSTR's is $20,126.00. MSTR is the lower cost basis.
When did HODL last buy Bitcoin?▾
HODL disclosed a 50 BTC purchase on April 23, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a 0 BTC purchase on May 6, 2026.