KEELvsMSTR
Keel Infrastructure Corp. 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.
KEEL
Keel Infrastructure Corp.
🇨🇦 CA
2,469 BTC
$157.8M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
KEEL
MSTR
BTC holdings
2,469 BTC
843,775 BTC
Market value of BTC
$157.8M
$53.9B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
16.67×
0.61×
Sats per share
409
235.8k
Last disclosed purchase
May 11, 2026
- May 11, 2026+0 BTC$168.5M
- May 11, 2026+0 BTC$6.1M
- May 11, 2026+409 BTC$33.6M
- Mar 31, 2026+402 BTC$26.8M
- Dec 30, 2025+0 BTC—
KEEL vs MSTR: frequently asked
Which company holds more Bitcoin, KEEL or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Keel Infrastructure Corp.'s (KEEL) 2,469 BTC — roughly 341.7× more.
What's the total Bitcoin value on the balance sheets of KEEL and MSTR?▾
KEEL holds $157.8M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, KEEL or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did KEEL last buy Bitcoin?▾
KEEL disclosed a 0 BTC purchase on May 11, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.