FBTCvsMSTR
Fidelity Wise Origin Bitcoin Fund 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
Fidelity Wise Origin Bitcoin Fund
🇺🇸 US
174,715 BTC
$11.2B market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
FBTC
MSTR
BTC holdings
174,715 BTC
843,775 BTC
Market value of BTC
$11.2B
$53.9B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
- Jul 9, 2026+-1,001 BTC$64.1M
- Jul 9, 2026+-1,002 BTC$63.3M
- Jul 8, 2026+-239 BTC$15.1M
- Jul 8, 2026+-239 BTC$14.9M
- Jul 7, 2026+-392 BTC$24.4M
FBTC vs MSTR: frequently asked
Which company holds more Bitcoin, FBTC or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Fidelity Wise Origin Bitcoin Fund's (FBTC) 174,715 BTC — roughly 4.8× more.
What's the total Bitcoin value on the balance sheets of FBTC and MSTR?▾
FBTC holds $11.2B worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, FBTC or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did FBTC last buy Bitcoin?▾
FBTC disclosed a -1,001 BTC purchase on July 9, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.