CANvsMSTR
Canaan 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.
Metric
CAN
MSTR
BTC holdings
1,867 BTC
843,775 BTC
Market value of BTC
$119.4M
$53.9B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
1.89×
0.61×
Sats per share
249
235.8k
Last disclosed purchase
May 31, 2026
- May 31, 2026+41 BTC$3.0M
- Apr 30, 2026+58 BTC$4.4M
- Jan 14, 2026+20 BTC$1.9M
- Nov 28, 2025+148 BTC$13.5M
- Oct 30, 2025+98 BTC$10.6M
CAN vs MSTR: frequently asked
Which company holds more Bitcoin, CAN or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Canaan's (CAN) 1,867 BTC — roughly 451.9× more.
What's the total Bitcoin value on the balance sheets of CAN and MSTR?▾
CAN holds $119.4M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, CAN or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did CAN last buy Bitcoin?▾
CAN disclosed a 41 BTC purchase on May 31, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.