BTC-SAYNODEvsMSTR
SayNode Operations AG 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-SAYNODE
SayNode Operations AG
🇨🇭 CH
15 BTC
$959.1K market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$54.0B market value
Metric
BTC-SAYNODE
MSTR
BTC holdings
15 BTC
843,775 BTC
Market value of BTC
$959.1K
$54.0B
Average cost per BTC
$108,027.78
$75,476.00
Total cost basis
$1.6M
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
235.8k
Last disclosed purchase
Jul 4, 2025
- Jul 4, 2025+0 BTC$291.7K
- 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
BTC-SAYNODE vs MSTR: frequently asked
Which company holds more Bitcoin, BTC-SAYNODE or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to SayNode Operations AG's (BTC-SAYNODE) 15 BTC — roughly 56251.7× more.
What's the total Bitcoin value on the balance sheets of BTC-SAYNODE and MSTR?▾
BTC-SAYNODE holds $959.1K worth of Bitcoin at current market prices. MSTR holds $54.0B.
Who has a lower cost basis per BTC, BTC-SAYNODE or MSTR?▾
BTC-SAYNODE's average cost is $108,027.78 per BTC. MSTR's is $75,476.00. MSTR is the lower cost basis.
When did BTC-SAYNODE last buy Bitcoin?▾
BTC-SAYNODE disclosed a 0 BTC purchase on July 4, 2025.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.