COINvsMSTR
Coinbase 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
COIN
MSTR
BTC holdings
16,949 BTC
843,775 BTC
Market value of BTC
$1.1B
$53.7B
Average cost per BTC
$98,950.50
$75,476.00
Total cost basis
$1.7B
$63.7B
mNAV (market cap ÷ BTC value)
38.44×
0.61×
Sats per share
6.4k
235.8k
Last disclosed purchase
May 7, 2026
- May 7, 2026+1,073 BTC$85.8M
- Jul 6, 2026+-3,588 BTC$216.0M
- Jun 22, 2026+520 BTC$34.9M
- Jun 15, 2026+1,587 BTC$100.0M
- Jun 8, 2026+1,550 BTC$101.3M
COIN vs MSTR: frequently asked
Which company holds more Bitcoin, COIN or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Coinbase's (COIN) 16,949 BTC — roughly 49.8× more.
What's the total Bitcoin value on the balance sheets of COIN and MSTR?▾
COIN holds $1.1B worth of Bitcoin at current market prices. MSTR holds $53.7B.
Who has a lower cost basis per BTC, COIN or MSTR?▾
COIN's average cost is $98,950.50 per BTC. MSTR's is $75,476.00. MSTR is the lower cost basis.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.