BTBTvsMSTR
Bit Digital vs Strategy
Side-by-side crypto treasury comparison across tokens: BTBT (Ethereum) vs MSTR (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.
Mixed-token comparison. BTBT holds Ethereum, MSTR holds Bitcoin — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
Metric
BTBT
MSTR
Holdings (ETH / BTC)
162,081 ETH
843,775 BTC
Market value of treasury
$304.5M
$54.6B
Average cost per token
$3,007.63
$75,476.00
Total cost basis
$487.5M
$63.7B
mNAV (market cap ÷ token value)
1.88×
0.60×
Last disclosed purchase
May 15, 2026
Jul 6, 2026
Country
- May 15, 2026+187 ETH$416.4K
- Mar 27, 2026+37,985 ETH$75.7M
- Nov 14, 2025+77,423 ETH$240.8M
- Aug 14, 2025+167 ETH$759.0K
- May 15, 2025+-3,189 ETH$8.1M
BTBT vs MSTR: frequently asked
Which company has a larger crypto treasury by USD value, BTBT or MSTR?▾
BTBT (Ethereum) holds 162,081 ETH worth $304.5M. MSTR (Bitcoin) holds 843,775 BTC worth $54.6B. MSTR has the larger USD-value treasury — roughly 179.4× larger.
Can you compare BTBT's ETH holdings directly to MSTR's BTC holdings?▾
Not in token-native amounts — BTBT holds Ethereum and MSTR holds Bitcoin, so "162,081 ETH" and "843,775 BTC" measure different assets. The honest comparison is USD market value: $304.5M vs $54.6B at current prices.
What's BTBT's cost basis per ETH, and MSTR's per BTC?▾
BTBT's average cost is $3,007.63 per ETH. MSTR's is $75,476.00 per BTC. These aren't directly comparable across tokens — each is the company's average against its own asset.
When did BTBT last buy Ethereum?▾
BTBT disclosed a 187 ETH purchase on May 15, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.