FBTC.TOvsMSTR
Fidelity Advantage Bitcoin ETF 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.
FBTC.TO
Fidelity Advantage Bitcoin ETF
🇨🇦 CA
13,982 BTC
$919.5M market value
MSTR
Strategy
🇺🇸 US
845,256 BTC
$55.6B market value
Metric
FBTC.TO
MSTR
BTC holdings
13,982 BTC
845,256 BTC
Market value of BTC
$919.5M
$55.6B
Average cost per BTC
—
$75,683.00
Total cost basis
—
$64.0B
mNAV (market cap ÷ BTC value)
—
0.74×
Sats per share
—
No tracked purchases yet
- 6/8/2026+1,550 BTC$101.3M
- 6/1/2026+-32 BTC-$2.5M
- 5/18/2026+24,869 BTC$2.0B
- 5/11/2026+535 BTC$43.0M
- 4/27/2026+3,273 BTC$255.0M
FBTC.TO vs MSTR: frequently asked
Which company holds more Bitcoin, FBTC.TO or MSTR?▾
Strategy (MSTR) holds 845,256 BTC, compared to Fidelity Advantage Bitcoin ETF's (FBTC.TO) 13,982 BTC — roughly 60.5× more.
What's the total Bitcoin value on the balance sheets of FBTC.TO and MSTR?▾
FBTC.TO holds $919.5M worth of Bitcoin at current market prices. MSTR holds $55.6B.
Who has a lower cost basis per BTC, FBTC.TO or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did FBTC.TO last buy Bitcoin?▾
FBTC.TO's last BTC purchase isn't in our tracked history yet.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a 1,550 BTC purchase on June 8, 2026.