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
🇨🇦 CA
17,005 BTC
$1.1B market value
MSTR
Strategy
🇺🇸 US
843,706 BTC
$53.6B market value
Metric
HODL
MSTR
BTC holdings
17,005 BTC
843,706 BTC
Market value of BTC
$1.1B
$53.6B
Average cost per BTC
$75,942.00
$75,700.00
Total cost basis
$1.3B
$63.9B
mNAV (market cap ÷ BTC value)
—
0.78×
Sats per share
—
- 5/18/2026+-98.75820651 BTC-$7.6M
- 5/14/2026+93 BTC$7.5M
- 5/11/2026+56 BTC$4.6M
- 5/7/2026+-63.74553781 BTC-$5.1M
- 5/5/2026+-71.68754711 BTC-$5.8M
HODL vs MSTR: frequently asked
Which company holds more Bitcoin, HODL or MSTR?▾
Strategy (MSTR) holds 843,706 BTC, compared to VanEck Bitcoin Trust's (HODL) 17,005 BTC — roughly 49.6× 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 $53.6B.
Who has a lower cost basis per BTC, HODL or MSTR?▾
HODL's average cost is $75,942.00 per BTC. MSTR's is $75,700.00. MSTR is the lower cost basis.
When did HODL last buy Bitcoin?▾
HODL disclosed a -98.75820651 BTC purchase on May 18, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -32 BTC purchase on June 1, 2026.