Twenty One Capital (XXI) 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
XXI
BLSH
BTC holdings
43,514
24,300
Market value of BTC
$3.4B
$1.9B
Average cost per BTC
—
—
Total cost basis
—
—
mNAV (market cap ÷ BTC value)
1.47×
1.05×
Sats per share
12.6k
16.1k
Last disclosed purchase
—
—
Country
🇺🇸 US
🇺🇸 US
No tracked purchases yet
No tracked purchases yet
XXI vs BLSH: frequently asked
Which company holds more Bitcoin, XXI or BLSH?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to Bullish's (BLSH) 24,300 BTC — roughly 1.8× more.
What's the total Bitcoin value on the balance sheets of XXI and BLSH?▾
XXI holds $3.4B worth of Bitcoin at current market prices. BLSH holds $1.9B.
Who has a lower cost basis per Bitcoin, XXI or BLSH?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did XXI last buy Bitcoin?▾
XXI's last BTC purchase isn't in our tracked history yet.
When did BLSH last buy Bitcoin?▾
BLSH's last BTC purchase isn't in our tracked history yet.