BTCOvsMSTR
Invesco Galaxy Bitcoin ETF 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.
BTCO
Invesco Galaxy Bitcoin ETF
🇺🇸 US
5,550 BTC
$354.8M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
BTCO
MSTR
BTC holdings
5,550 BTC
843,775 BTC
Market value of BTC
$354.8M
$53.9B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
- Jul 13, 2026+274 BTC$17.0M
- Jul 10, 2026+-280 BTC$18.0M
- Jul 8, 2026+302 BTC$18.8M
- Jul 7, 2026+45 BTC$2.8M
- Jul 3, 2026+-1,254 BTC$78.4M
BTCO vs MSTR: frequently asked
Which company holds more Bitcoin, BTCO or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Invesco Galaxy Bitcoin ETF's (BTCO) 5,550 BTC — roughly 152.0× more.
What's the total Bitcoin value on the balance sheets of BTCO and MSTR?▾
BTCO holds $354.8M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, BTCO or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did BTCO last buy Bitcoin?▾
BTCO disclosed a 274 BTC purchase on July 13, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.