FRMOvsMSTR
FRMO Corp. 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.
Metric
FRMO
MSTR
BTC holdings
159 BTC
843,775 BTC
Market value of BTC
$10.2M
$53.9B
Average cost per BTC
$32,275.85
$75,476.00
Total cost basis
$5.1M
$63.7B
mNAV (market cap ÷ BTC value)
30.54×
0.61×
Sats per share
361
235.8k
Last disclosed purchase
Feb 27, 2025
- Feb 27, 2025+0 BTC—
- Nov 29, 2024+0 BTC—
- Aug 30, 2024+0 BTC—
- Feb 28, 2024+0 BTC—
- May 30, 2023+0 BTC—
FRMO vs MSTR: frequently asked
Which company holds more Bitcoin, FRMO or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to FRMO Corp.'s (FRMO) 159 BTC — roughly 5308.1× more.
What's the total Bitcoin value on the balance sheets of FRMO and MSTR?▾
FRMO holds $10.2M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, FRMO or MSTR?▾
FRMO's average cost is $32,275.85 per BTC. MSTR's is $75,476.00. FRMO is the lower cost basis.
When did FRMO last buy Bitcoin?▾
FRMO disclosed a 0 BTC purchase on February 27, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.