BTC-TEZOSvsMSTR
The Tezos Foundation vs Strategy
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.
BTC-TEZOS
The Tezos Foundation
🇨🇭 CH
17,500 BTC
$1.4B market value
MSTR
Strategy
🇺🇸 US
818,334 BTC
$64.0B market value
Metric
BTC-TEZOS
MSTR
BTC holdings
17,500 BTC
818,334 BTC
Market value of BTC
$1.4B
$64.0B
Average cost per BTC
—
$75,541.54
Total cost basis
—
$59.6B
mNAV (market cap ÷ BTC value)
—
0.90×
Sats per share
—
250.6k
Last disclosed purchase
—
4/27/2026
Country
🇨🇭 CH
🇺🇸 US
No tracked purchases yet
- 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
BTC-TEZOS vs MSTR: frequently asked
Which company holds more Bitcoin, BTC-TEZOS or MSTR?▾
Strategy (MSTR) holds 818,334 BTC, compared to The Tezos Foundation's (BTC-TEZOS) 17,500 BTC — roughly 46.8× more.
What's the total Bitcoin value on the balance sheets of BTC-TEZOS and MSTR?▾
BTC-TEZOS holds $1.4B worth of Bitcoin at current market prices. MSTR holds $64.0B.
Who has a lower cost basis per BTC, BTC-TEZOS or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did BTC-TEZOS last buy Bitcoin?▾
BTC-TEZOS's last BTC purchase isn't in our tracked history yet.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a 3,273 BTC purchase on April 27, 2026.