GOV-BTvsXXI
Bhutan vs Twenty One Capital
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.
GOV-BT
Bhutan
🇧🇹 BT
1,750 BTC
$111.9M market value
XXI
Twenty One Capital
🇺🇸 US
43,514 BTC
$2.8B market value
Metric
GOV-BT
XXI
BTC holdings
1,750 BTC
43,514 BTC
Market value of BTC
$111.9M
$2.8B
Average cost per BTC
—
$84,865.00
Total cost basis
—
$3.7B
mNAV (market cap ÷ BTC value)
—
0.64×
Sats per share
—
12.5k
Last disclosed purchase
—
No tracked purchases yet
- May 13, 2026+-1 BTC$93.7K
- May 13, 2026+0 BTC$79.3K
- Mar 31, 2026+0 BTC$375.4M
- Mar 31, 2026+0 BTC$458.7M
- Mar 31, 2026+0 BTC$147.5M
GOV-BT vs XXI: frequently asked
Which company holds more Bitcoin, GOV-BT or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to Bhutan's (GOV-BT) 1,750 BTC — roughly 24.9× more.
What's the total Bitcoin value on the balance sheets of GOV-BT and XXI?▾
GOV-BT holds $111.9M worth of Bitcoin at current market prices. XXI holds $2.8B.
Who has a lower cost basis per BTC, GOV-BT or XXI?▾
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 XXI last buy Bitcoin?▾
XXI disclosed a -1 BTC purchase on May 13, 2026.