ETHMvsCOIN
The Ether Machine vs Coinbase
Side-by-side crypto treasury comparison across tokens: ETHM (Ethereum) vs COIN (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.
Mixed-token comparison. ETHM holds Ethereum, COIN holds Bitcoin — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
ETHM
The Ether Machine
🇺🇸 US
496,712 ETH
$776.8M market value
COIN
Coinbase
🇺🇸 US
16,949 BTC
$1.0B market value
Metric
ETHM
COIN
Holdings (ETH / BTC)
496,712 ETH
16,949 BTC
Market value of treasury
$776.8M
$1.0B
Average cost per token
—
$98,809.00
Total cost basis
—
$1.7B
mNAV (market cap ÷ token value)
—
32.68×
Last disclosed purchase
3/6/2026
5/7/2026
Country
🇺🇸 US
- 3/6/2026+0 ETH$197.1M
- 11/6/2025+0 ETH$197.1M
- 8/13/2025+0 ETH$197.1M
- 5/7/2026+1,073 BTC$0.00
ETHM vs COIN: frequently asked
Which company has a larger crypto treasury by USD value, ETHM or COIN?▾
ETHM (Ethereum) holds 496,712 ETH worth $776.8M. COIN (Bitcoin) holds 16,949 BTC worth $1.0B. COIN has the larger USD-value treasury — roughly 1.3× larger.
Can you compare ETHM's ETH holdings directly to COIN's BTC holdings?▾
Not in token-native amounts — ETHM holds Ethereum and COIN holds Bitcoin, so "496,712 ETH" and "16,949 BTC" measure different assets. The honest comparison is USD market value: $776.8M vs $1.0B at current prices.
What's ETHM's cost basis per ETH, and COIN's per BTC?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did ETHM last buy Ethereum?▾
ETHM disclosed a 0 ETH purchase on March 6, 2026.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.