CNSRFvsMSTR
CoinShares International Limited 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.
CNSRF
CoinShares International Limited
🇯🇪 JE
236 BTC
$15.1M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
CNSRF
MSTR
BTC holdings
236 BTC
843,775 BTC
Market value of BTC
$15.1M
$53.9B
Average cost per BTC
$88,830.25
$75,476.00
Total cost basis
$21.0M
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
360
235.8k
Last disclosed purchase
Mar 28, 2025
- Mar 28, 2025+0 BTC—
- Dec 30, 2024+0 BTC—
- Jul 6, 2026+-3,588 BTC$216.0M
- Jun 22, 2026+520 BTC$34.9M
- Jun 15, 2026+1,587 BTC$100.0M
CNSRF vs MSTR: frequently asked
Which company holds more Bitcoin, CNSRF or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to CoinShares International Limited's (CNSRF) 236 BTC — roughly 3575.3× more.
What's the total Bitcoin value on the balance sheets of CNSRF and MSTR?▾
CNSRF holds $15.1M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, CNSRF or MSTR?▾
CNSRF's average cost is $88,830.25 per BTC. MSTR's is $75,476.00. MSTR is the lower cost basis.
When did CNSRF last buy Bitcoin?▾
CNSRF disclosed a 0 BTC purchase on March 28, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.