CIFRvsMSTR
Cipher Mining 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
CIFR
MSTR
BTC holdings
1,116 BTC
843,775 BTC
Market value of BTC
$71.4M
$54.0B
Average cost per BTC
$90,591.00
$75,476.00
Total cost basis
$101.1M
$63.7B
mNAV (market cap ÷ BTC value)
115.14×
0.61×
Sats per share
273
235.8k
Last disclosed purchase
Mar 31, 2026
- Mar 31, 2026+-317 BTC$66.8M
- Dec 31, 2025+-60 BTC$64.5M
- Sep 30, 2025+447 BTC$51.0M
- Sep 29, 2025+0 BTC—
- Aug 29, 2025+0 BTC—
CIFR vs MSTR: frequently asked
Which company holds more Bitcoin, CIFR or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Cipher Mining's (CIFR) 1,116 BTC — roughly 756.1× more.
What's the total Bitcoin value on the balance sheets of CIFR and MSTR?▾
CIFR holds $71.4M worth of Bitcoin at current market prices. MSTR holds $54.0B.
Who has a lower cost basis per BTC, CIFR or MSTR?▾
CIFR's average cost is $90,591.00 per BTC. MSTR's is $75,476.00. MSTR is the lower cost basis.
When did CIFR last buy Bitcoin?▾
CIFR disclosed a -317 BTC purchase on March 31, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.