BLSHvsCOIN
Bullish vs Coinbase
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.
Metric
BLSH
COIN
BTC holdings
19,830 BTC
16,949 BTC
Market value of BTC
$1.3B
$1.1B
Average cost per BTC
—
$98,950.50
Total cost basis
—
$1.7B
mNAV (market cap ÷ BTC value)
2.73×
38.44×
Sats per share
13.1k
6.4k
Last disclosed purchase
—
No tracked purchases yet
- May 7, 2026+1,073 BTC$85.8M
BLSH vs COIN: frequently asked
Which company holds more Bitcoin, BLSH or COIN?▾
Bullish (BLSH) holds 19,830 BTC, compared to Coinbase's (COIN) 16,949 BTC — roughly 1.2× more.
What's the total Bitcoin value on the balance sheets of BLSH and COIN?▾
BLSH holds $1.3B worth of Bitcoin at current market prices. COIN holds $1.1B.
Who has a lower cost basis per BTC, BLSH or COIN?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did BLSH last buy Bitcoin?▾
BLSH's last BTC purchase isn't in our tracked history yet.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.