BLSHvsRIOT
Bullish vs Riot Platforms
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
RIOT
BTC holdings
19,830 BTC
15,679 BTC
Market value of BTC
$1.3B
$997.8M
Average cost per BTC
—
$60,299.00
Total cost basis
—
$945.4M
mNAV (market cap ÷ BTC value)
2.73×
7.65×
Sats per share
13.1k
4.1k
Last disclosed purchase
—
No tracked purchases yet
- Apr 30, 2026+-2,326 BTC$177.5M
- Mar 2, 2026+-1,282 BTC$88.2M
- Oct 30, 2025+14 BTC$1.5M
- Jul 31, 2025+50 BTC$5.8M
- May 1, 2025+1,501 BTC$144.9M
BLSH vs RIOT: frequently asked
Which company holds more Bitcoin, BLSH or RIOT?▾
Bullish (BLSH) holds 19,830 BTC, compared to Riot Platforms's (RIOT) 15,679 BTC — roughly 1.3× more.
What's the total Bitcoin value on the balance sheets of BLSH and RIOT?▾
BLSH holds $1.3B worth of Bitcoin at current market prices. RIOT holds $997.8M.
Who has a lower cost basis per BTC, BLSH or RIOT?▾
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 RIOT last buy Bitcoin?▾
RIOT disclosed a -2,326 BTC purchase on April 30, 2026.