GOV-BTvsMSTR
Bhutan 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.
Metric
GOV-BT
MSTR
BTC holdings
1,750 BTC
843,775 BTC
Market value of BTC
$111.9M
$54.0B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
235.8k
Last disclosed purchase
—
No tracked purchases yet
- Jul 6, 2026+-3,588 BTC$216.0M
- Jun 22, 2026+520 BTC$34.9M
- Jun 15, 2026+1,587 BTC$100.0M
- Jun 8, 2026+1,550 BTC$101.3M
- Jun 1, 2026+-32 BTC$2.5M
GOV-BT vs MSTR: frequently asked
Which company holds more Bitcoin, GOV-BT or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Bhutan's (GOV-BT) 1,750 BTC — roughly 482.2× more.
What's the total Bitcoin value on the balance sheets of GOV-BT and MSTR?▾
GOV-BT holds $111.9M worth of Bitcoin at current market prices. MSTR holds $54.0B.
Who has a lower cost basis per BTC, GOV-BT or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did GOV-BT last buy Bitcoin?▾
GOV-BT's last BTC purchase isn't in our tracked history yet.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.