MSTRvsXBTE
Strategy vs CoinShares / XBT Provider
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.
MSTR
Strategy
🇺🇸 US
818,334 BTC
$63.9B market value
XBTE
CoinShares / XBT Provider
🇨🇭 CH
48,466 BTC
$3.8B market value
Metric
MSTR
XBTE
BTC holdings
818,334 BTC
48,466 BTC
Market value of BTC
$63.9B
$3.8B
Average cost per BTC
$75,541.54
—
Total cost basis
$59.6B
—
mNAV (market cap ÷ BTC value)
0.91×
—
Sats per share
250.6k
—
Last disclosed purchase
4/27/2026
—
Country
🇺🇸 US
🇨🇭 CH
- 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
No tracked purchases yet
MSTR vs XBTE: frequently asked
Which company holds more Bitcoin, MSTR or XBTE?▾
Strategy (MSTR) holds 818,334 BTC, compared to CoinShares / XBT Provider's (XBTE) 48,466 BTC — roughly 16.9× more.
What's the total Bitcoin value on the balance sheets of MSTR and XBTE?▾
MSTR holds $63.9B worth of Bitcoin at current market prices. XBTE holds $3.8B.
Who has a lower cost basis per BTC, MSTR or XBTE?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a 3,273 BTC purchase on April 27, 2026.
When did XBTE last buy Bitcoin?▾
XBTE's last BTC purchase isn't in our tracked history yet.