IBITvsMSTR
BlackRock iShares Bitcoin Trust 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.
IBIT
BlackRock iShares Bitcoin Trust
🇺🇸 US
734,354 BTC
$46.9B market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
IBIT
MSTR
BTC holdings
734,354 BTC
843,775 BTC
Market value of BTC
$46.9B
$53.9B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
45.6k
235.8k
- Jul 10, 2026+1,359 BTC$86.8M
- Jul 10, 2026+1,355 BTC$86.8M
- Jul 8, 2026+-952 BTC$60.1M
- Jul 8, 2026+-949 BTC$59.1M
- Jul 7, 2026+705 BTC$43.9M
IBIT vs MSTR: frequently asked
Which company holds more Bitcoin, IBIT or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to BlackRock iShares Bitcoin Trust's (IBIT) 734,354 BTC — roughly 1.1× more.
What's the total Bitcoin value on the balance sheets of IBIT and MSTR?▾
IBIT holds $46.9B worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, IBIT or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did IBIT last buy Bitcoin?▾
IBIT disclosed a 1,359 BTC purchase on July 10, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.