BITBvsMSTR
Bitwise Bitcoin ETF 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.
BITB
Bitwise Bitcoin ETF
🇺🇸 US
37,097 BTC
$2.4B market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
BITB
MSTR
BTC holdings
37,097 BTC
843,775 BTC
Market value of BTC
$2.4B
$53.9B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
- Jul 9, 2026+4.75 BTC$300.0K
- Jul 8, 2026+16 BTC$1.0M
- Jul 6, 2026+75 BTC$4.8M
- Jun 30, 2026+1,579 BTC$92.4M
- Jun 29, 2026+-2,675 BTC$161.3M
BITB vs MSTR: frequently asked
Which company holds more Bitcoin, BITB or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Bitwise Bitcoin ETF's (BITB) 37,097 BTC — roughly 22.7× more.
What's the total Bitcoin value on the balance sheets of BITB and MSTR?▾
BITB holds $2.4B worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, BITB or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did BITB last buy Bitcoin?▾
BITB disclosed a 4.75 BTC purchase on July 9, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.