ARLPvsMSTR
Alliance Resource Partners 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.
ARLP
Alliance Resource Partners
🇺🇸 US
618 BTC
$39.5M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
ARLP
MSTR
BTC holdings
618 BTC
843,775 BTC
Market value of BTC
$39.5M
$53.9B
Average cost per BTC
$51,664.00
$75,476.00
Total cost basis
$31.9M
$63.7B
mNAV (market cap ÷ BTC value)
80.37×
0.61×
Sats per share
481
235.8k
Last disclosed purchase
May 8, 2026
- May 8, 2026+0 BTC$2.1M
- May 8, 2026+26 BTC$2.1M
- Feb 26, 2026+24 BTC$1.6M
- Nov 7, 2025+27 BTC$2.7M
- Aug 7, 2025+29 BTC$3.3M
ARLP vs MSTR: frequently asked
Which company holds more Bitcoin, ARLP or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Alliance Resource Partners's (ARLP) 618 BTC — roughly 1364.8× more.
What's the total Bitcoin value on the balance sheets of ARLP and MSTR?▾
ARLP holds $39.5M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, ARLP or MSTR?▾
ARLP's average cost is $51,664.00 per BTC. MSTR's is $75,476.00. ARLP is the lower cost basis.
When did ARLP last buy Bitcoin?▾
ARLP disclosed a 0 BTC purchase on May 8, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.