HUTvsMSTR
Hut 8 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.
Metric
HUT
MSTR
BTC holdings
15,679 BTC
818,334 BTC
Market value of BTC
$1.2B
$64.2B
Average cost per BTC
—
$75,577.00
Total cost basis
—
$59.0B
mNAV (market cap ÷ BTC value)
6.94×
0.90×
Sats per share
14.1k
250.6k
Last disclosed purchase
11/4/2025
4/27/2026
Country
🇨🇦 CA
🇺🇸 US
- 11/4/2025+2,025 BTC$320.0M
- 4/27/2026+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
- 3/23/2026+1,031 BTC$77.0M
HUT vs MSTR: frequently asked
Which company holds more Bitcoin, HUT or MSTR?▾
Strategy (MSTR) holds 818,334 BTC, compared to Hut 8's (HUT) 15,679 BTC — roughly 52.2× more.
What's the total Bitcoin value on the balance sheets of HUT and MSTR?▾
HUT holds $1.2B worth of Bitcoin at current market prices. MSTR holds $64.2B.
Who has a lower cost basis per BTC, HUT or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did HUT last buy Bitcoin?▾
HUT disclosed a 2,025 BTC purchase on November 4, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a 3,273 BTC purchase on April 27, 2026.