ETHMvsGLXY
The Ether Machine vs Galaxy Digital
Side-by-side crypto treasury comparison across tokens: ETHM (Ethereum) vs GLXY (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, GLXY 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
GLXY
Galaxy Digital
🇺🇸 US
18,380 BTC
$1.1B market value
Metric
ETHM
GLXY
Holdings (ETH / BTC)
496,712 ETH
18,380 BTC
Market value of treasury
$776.8M
$1.1B
Average cost per token
—
$70,139.60
Total cost basis
—
$1.3B
mNAV (market cap ÷ token value)
—
4.25×
Last disclosed purchase
3/6/2026
5/8/2026
Country
🇺🇸 US
- 3/6/2026+0 ETH$197.1M
- 11/6/2025+0 ETH$197.1M
- 8/13/2025+0 ETH$197.1M
- 5/8/2026+-7,343 BTC$0.00
- 2/26/2026+7,323 BTC$0.00
ETHM vs GLXY: frequently asked
Which company has a larger crypto treasury by USD value, ETHM or GLXY?▾
ETHM (Ethereum) holds 496,712 ETH worth $776.8M. GLXY (Bitcoin) holds 18,380 BTC worth $1.1B. GLXY has the larger USD-value treasury — roughly 1.4× larger.
Can you compare ETHM's ETH holdings directly to GLXY's BTC holdings?▾
Not in token-native amounts — ETHM holds Ethereum and GLXY holds Bitcoin, so "496,712 ETH" and "18,380 BTC" measure different assets. The honest comparison is USD market value: $776.8M vs $1.1B at current prices.
What's ETHM's cost basis per ETH, and GLXY'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 GLXY last buy Bitcoin?▾
GLXY disclosed a -7,343 BTC purchase on May 8, 2026.