Riot Platforms (RIOT) vs Strategy (MSTR)
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
MSTR
BTC holdings
15,680
815,061
Market value of BTC
$1.2B
$63.6B
Average cost per BTC
$59,000.00
$75,577.00
Total cost basis
$925.1M
$59.0B
mNAV (market cap ÷ BTC value)
2.45×
1.18×
Sats per share
4.1k
250.1k
Last disclosed purchase
4/9/2025
4/19/2026
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
- 4/19/2026+34,164$2.5B
- 4/13/2026+13,927$1.0B
- 4/6/2026+4,871$330.0M
- 3/23/2026+1,031$77.0M
- 3/16/2026+22,337$1.6B
RIOT vs MSTR: frequently asked
Which company holds more Bitcoin, RIOT or MSTR?▾
Strategy (MSTR) holds 815,061 BTC, compared to Riot Platforms's (RIOT) 15,680 BTC.
What's the total Bitcoin value on the balance sheets of RIOT and MSTR?▾
RIOT holds $1.2B worth of Bitcoin at current market prices. MSTR holds $63.6B.
Who has a lower cost basis per Bitcoin, RIOT or MSTR?▾
RIOT's average cost is $59,000.00 per BTC. MSTR's is $75,577.00. RIOT is the lower cost basis.
When did RIOT last buy Bitcoin?▾
RIOT disclosed a 531 BTC purchase on April 9, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a 34,164 BTC purchase on April 19, 2026.