MSBTvsTYO:3350
Morgan Stanley (MSBT) Bitcoin Trust ETP vs Metaplanet
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.
MSBT
Morgan Stanley (MSBT) Bitcoin Trust ETP
🇺🇸 US
2,678 BTC
$209.3M market value
TYO:3350
Metaplanet
🇯🇵 JP
40,177 BTC
$3.1B market value
Metric
MSBT
TYO:3350
BTC holdings
2,678 BTC
40,177 BTC
Market value of BTC
$209.3M
$3.1B
Average cost per BTC
—
$104,284.06
Total cost basis
—
$4.2B
mNAV (market cap ÷ BTC value)
—
1.27×
Sats per share
—
4.5k
Last disclosed purchase
—
3/31/2026
Country
🇺🇸 US
🇯🇵 JP
No tracked purchases yet
- 3/31/2026+5,075 BTC$405.5M
- 12/29/2025+4,279 BTC$447.9M
- 9/29/2025+5,268 BTC$623.3M
- 9/19/2025+5,419 BTC$632.5M
- 9/5/2025+136 BTC$15.2M
MSBT vs TYO:3350: frequently asked
Which company holds more Bitcoin, MSBT or TYO:3350?▾
Metaplanet (TYO:3350) holds 40,177 BTC, compared to Morgan Stanley (MSBT) Bitcoin Trust ETP's (MSBT) 2,678 BTC — roughly 15.0× more.
What's the total Bitcoin value on the balance sheets of MSBT and TYO:3350?▾
MSBT holds $209.3M worth of Bitcoin at current market prices. TYO:3350 holds $3.1B.
Who has a lower cost basis per BTC, MSBT or TYO:3350?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did MSBT last buy Bitcoin?▾
MSBT's last BTC purchase isn't in our tracked history yet.
When did TYO:3350 last buy Bitcoin?▾
TYO:3350 disclosed a 5,075 BTC purchase on March 31, 2026.