HKHCvsMSTR
Horizon Kinetics Holding Corporation 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.
HKHC
Horizon Kinetics Holding Corporation
🇺🇸 US
132 BTC
$8.5M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$54.4B market value
Metric
HKHC
MSTR
BTC holdings
132 BTC
843,775 BTC
Market value of BTC
$8.5M
$54.4B
Average cost per BTC
$13,325.76
$75,476.00
Total cost basis
$1.8M
$63.7B
mNAV (market cap ÷ BTC value)
63.27×
0.64×
Sats per share
708
235.8k
Last disclosed purchase
Dec 31, 2025
- Dec 31, 2025+0 BTC—
- Nov 13, 2025+1 BTC$101.5K
- Sep 30, 2025+0 BTC—
- Aug 12, 2025+-10 BTC$1.2M
- Mar 31, 2025+0 BTC—
HKHC vs MSTR: frequently asked
Which company holds more Bitcoin, HKHC or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Horizon Kinetics Holding Corporation's (HKHC) 132 BTC — roughly 6392.2× more.
What's the total Bitcoin value on the balance sheets of HKHC and MSTR?▾
HKHC holds $8.5M worth of Bitcoin at current market prices. MSTR holds $54.4B.
Who has a lower cost basis per BTC, HKHC or MSTR?▾
HKHC's average cost is $13,325.76 per BTC. MSTR's is $75,476.00. HKHC is the lower cost basis.
When did HKHC last buy Bitcoin?▾
HKHC disclosed a 0 BTC purchase on December 31, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.