HODLvsMSTR
VanEck Bitcoin Trust 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.
HODL
VanEck Bitcoin Trust
🇺🇸 US
16,893 BTC
$1.1B market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$54.6B market value
Metric
HODL
MSTR
BTC holdings
16,893 BTC
843,775 BTC
Market value of BTC
$1.1B
$54.6B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
—
0.62×
Sats per share
—
- Jul 17, 2026+154 BTC$9.8M
- Jul 16, 2026+852 BTC$54.4M
- Jul 15, 2026+-308 BTC$20.0M
- Jul 14, 2026+297 BTC$19.3M
- Jul 13, 2026+99 BTC$6.1M
HODL vs MSTR: frequently asked
Which company holds more Bitcoin, HODL or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to VanEck Bitcoin Trust's (HODL) 16,893 BTC — roughly 49.9× more.
What's the total Bitcoin value on the balance sheets of HODL and MSTR?▾
HODL holds $1.1B worth of Bitcoin at current market prices. MSTR holds $54.6B.
Who has a lower cost basis per BTC, HODL or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did HODL last buy Bitcoin?▾
HODL disclosed a 154 BTC purchase on July 17, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.