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