FRMOvsXXI
FRMO Corp. vs Twenty One Capital
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
XXI
BTC holdings
159 BTC
43,514 BTC
Market value of BTC
$10.2M
$2.8B
Average cost per BTC
$32,275.85
$84,865.00
Total cost basis
$5.1M
$3.7B
mNAV (market cap ÷ BTC value)
30.54×
0.64×
Sats per share
361
12.5k
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 XXI: frequently asked
Which company holds more Bitcoin, FRMO or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to FRMO Corp.'s (FRMO) 159 BTC — roughly 273.7× more.
What's the total Bitcoin value on the balance sheets of FRMO and XXI?▾
FRMO holds $10.2M worth of Bitcoin at current market prices. XXI holds $2.8B.
Who has a lower cost basis per BTC, FRMO or XXI?▾
FRMO's average cost is $32,275.85 per BTC. XXI's is $84,865.00. FRMO is the lower cost basis.
When did FRMO last buy Bitcoin?▾
FRMO disclosed a 0 BTC purchase on February 27, 2025.
When did XXI last buy Bitcoin?▾
XXI disclosed a -1 BTC purchase on May 13, 2026.