IBTCvsMSTR
Monochrome 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.
IBTC
Monochrome Bitcoin ETF
🇦🇺 AU
1,304 BTC
$83.4M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
IBTC
MSTR
BTC holdings
1,304 BTC
843,775 BTC
Market value of BTC
$83.4M
$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 29, 2025+0 BTC—
- Jan 29, 2025+0 BTC—
- Jan 28, 2025+0 BTC—
- Jan 27, 2025+0 BTC—
- Jan 23, 2025+0 BTC—
IBTC vs MSTR: frequently asked
Which company holds more Bitcoin, IBTC or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Monochrome Bitcoin ETF's (IBTC) 1,304 BTC — roughly 647.1× more.
What's the total Bitcoin value on the balance sheets of IBTC and MSTR?▾
IBTC holds $83.4M worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, IBTC or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did IBTC last buy Bitcoin?▾
IBTC disclosed a 0 BTC purchase on July 29, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.