BTCE.ETRvsXXI
Bitwise Physical Bitcoin ETP (BTCE) 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.
BTCE.ETR
Bitwise Physical Bitcoin ETP (BTCE)
🇩🇪 DE
11,022 BTC
$704.8M market value
XXI
Twenty One Capital
🇺🇸 US
43,514 BTC
$2.8B market value
Metric
BTCE.ETR
XXI
BTC holdings
11,022 BTC
43,514 BTC
Market value of BTC
$704.8M
$2.8B
Average cost per BTC
—
$84,865.00
Total cost basis
—
$3.7B
mNAV (market cap ÷ BTC value)
—
0.64×
Sats per share
—
- May 14, 2026+0 BTC—
- 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
BTCE.ETR vs XXI: frequently asked
Which company holds more Bitcoin, BTCE.ETR or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to Bitwise Physical Bitcoin ETP (BTCE)'s (BTCE.ETR) 11,022 BTC — roughly 3.9× more.
What's the total Bitcoin value on the balance sheets of BTCE.ETR and XXI?▾
BTCE.ETR holds $704.8M worth of Bitcoin at current market prices. XXI holds $2.8B.
Who has a lower cost basis per BTC, BTCE.ETR or XXI?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did BTCE.ETR last buy Bitcoin?▾
BTCE.ETR disclosed a 0 BTC purchase on May 14, 2026.
When did XXI last buy Bitcoin?▾
XXI disclosed a -1 BTC purchase on May 13, 2026.