Riot Platforms (RIOT) vs Coinbase (COIN)
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
COIN
BTC holdings
15,680
14,548
Market value of BTC
$1.2B
$1.1B
Average cost per BTC
$59,000.00
$35,634.00
Total cost basis
$925.1M
$518.4M
mNAV (market cap ÷ BTC value)
2.45×
35.25×
Sats per share
4.1k
6.5k
Last disclosed purchase
4/9/2025
2/12/2026
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
- 2/12/2026+841$75.0M
- 10/30/2025+2,682$300.0M
- 7/30/2025+2,509$222.0M
- 5/9/2025+267$25.4M
- 12/31/2022+1,127$23.7M
RIOT vs COIN: frequently asked
Which company holds more Bitcoin, RIOT or COIN?▾
Riot Platforms (RIOT) holds 15,680 BTC, compared to Coinbase's (COIN) 14,548 BTC — roughly 1.1× more.
What's the total Bitcoin value on the balance sheets of RIOT and COIN?▾
RIOT holds $1.2B worth of Bitcoin at current market prices. COIN holds $1.1B.
Who has a lower cost basis per Bitcoin, RIOT or COIN?▾
RIOT's average cost is $59,000.00 per BTC. COIN's is $35,634.00. COIN is the lower cost basis.
When did RIOT last buy Bitcoin?▾
RIOT disclosed a 531 BTC purchase on April 9, 2025.
When did COIN last buy Bitcoin?▾
COIN disclosed a 841 BTC purchase on February 12, 2026.