BTC-IONIC-DIGITALvsMSTR
Ionic Digital Inc. 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.
BTC-IONIC-DIGITAL
Ionic Digital Inc.
🇺🇸 US
2,836 BTC
$181.4M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$54.0B market value
Metric
BTC-IONIC-DIGITAL
MSTR
BTC holdings
2,836 BTC
843,775 BTC
Market value of BTC
$181.4M
$54.0B
Average cost per BTC
$101,945.99
$75,476.00
Total cost basis
$289.2M
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
235.8k
Last disclosed purchase
Feb 27, 2026
- Feb 27, 2026+0 BTC$2.2M
- Jan 30, 2026+0 BTC$3.0M
- Dec 30, 2025+0 BTC$3.2M
- Nov 28, 2025+0 BTC$1.8M
- Oct 30, 2025+0 BTC$5.4M
BTC-IONIC-DIGITAL vs MSTR: frequently asked
Which company holds more Bitcoin, BTC-IONIC-DIGITAL or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Ionic Digital Inc.'s (BTC-IONIC-DIGITAL) 2,836 BTC — roughly 297.5× more.
What's the total Bitcoin value on the balance sheets of BTC-IONIC-DIGITAL and MSTR?▾
BTC-IONIC-DIGITAL holds $181.4M worth of Bitcoin at current market prices. MSTR holds $54.0B.
Who has a lower cost basis per BTC, BTC-IONIC-DIGITAL or MSTR?▾
BTC-IONIC-DIGITAL's average cost is $101,945.99 per BTC. MSTR's is $75,476.00. MSTR is the lower cost basis.
When did BTC-IONIC-DIGITAL last buy Bitcoin?▾
BTC-IONIC-DIGITAL disclosed a 0 BTC purchase on February 27, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.