Riot Platforms (RIOT) vs Bullish (BLSH)
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
RIOT
BLSH
BTC holdings
15,680
24,300
Market value of BTC
$1.2B
$1.9B
Average cost per BTC
$59,000.00
—
Total cost basis
$925.1M
—
mNAV (market cap ÷ BTC value)
2.45×
1.05×
Sats per share
4.1k
16.1k
Last disclosed purchase
4/9/2025
—
Country
🇺🇸 US
🇺🇸 US
- 4/9/2025+531$44.6M
- 3/21/2025+471$40.6M
- 1/30/2025+701$66.6M
- 1/7/2025+293$27.4M
- 12/12/2024+5,117$510.0M
No tracked purchases yet
RIOT vs BLSH: frequently asked
Which company holds more Bitcoin, RIOT or BLSH?▾
Bullish (BLSH) holds 24,300 BTC, compared to Riot Platforms's (RIOT) 15,680 BTC.
What's the total Bitcoin value on the balance sheets of RIOT and BLSH?▾
RIOT holds $1.2B worth of Bitcoin at current market prices. BLSH holds $1.9B.
Who has a lower cost basis per Bitcoin, RIOT or BLSH?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did RIOT last buy Bitcoin?▾
RIOT disclosed a 531 BTC purchase on April 9, 2025.
When did BLSH last buy Bitcoin?▾
BLSH's last BTC purchase isn't in our tracked history yet.