EZBCvsMSTR
Franklin 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.
EZBC
Franklin Bitcoin ETF
🇺🇸 US
5,846 BTC
$373.7M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
EZBC
MSTR
BTC holdings
5,846 BTC
843,775 BTC
Market value of BTC
$373.7M
$53.9B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
50.4k
235.8k
- Jul 13, 2026+305 BTC$18.8M
- Jul 11, 2026+-315 BTC$20.2M
- Jul 8, 2026+313 BTC$19.5M
- Jul 7, 2026+41 BTC$2.6M
- Jul 3, 2026+101 BTC$6.3M
EZBC vs MSTR: frequently asked
Which company holds more Bitcoin, EZBC or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Franklin Bitcoin ETF's (EZBC) 5,846 BTC — roughly 144.3× more.
What's the total Bitcoin value on the balance sheets of EZBC and MSTR?▾
EZBC holds $373.7M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, EZBC or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did EZBC last buy Bitcoin?▾
EZBC disclosed a 305 BTC purchase on July 13, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.