REFINE.STOvsMSTR
Refine Group AB 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.
REFINE.STO
Refine Group AB
🇸🇪 SE
7.18 BTC
$459.0K market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.9B market value
Metric
REFINE.STO
MSTR
BTC holdings
7.18 BTC
843,775 BTC
Market value of BTC
$459.0K
$53.9B
Average cost per BTC
$110,676.84
$75,476.00
Total cost basis
$794.7K
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
235.8k
Last disclosed purchase
Sep 5, 2025
- Sep 5, 2025+0 BTC—
- Jul 6, 2026+-3,588 BTC$216.0M
- Jun 22, 2026+520 BTC$34.9M
- Jun 15, 2026+1,587 BTC$100.0M
- Jun 8, 2026+1,550 BTC$101.3M
REFINE.STO vs MSTR: frequently asked
Which company holds more Bitcoin, REFINE.STO or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Refine Group AB's (REFINE.STO) 7.18 BTC — roughly 117517.4× more.
What's the total Bitcoin value on the balance sheets of REFINE.STO and MSTR?▾
REFINE.STO holds $459.0K worth of Bitcoin at current market prices. MSTR holds $53.9B.
Who has a lower cost basis per BTC, REFINE.STO or MSTR?▾
REFINE.STO's average cost is $110,676.84 per BTC. MSTR's is $75,476.00. MSTR is the lower cost basis.
When did REFINE.STO last buy Bitcoin?▾
REFINE.STO disclosed a 0 BTC purchase on September 5, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.