SPCXvsBLSH
SpaceX vs Bullish
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.
Metric
SPCX
BLSH
BTC holdings
18,712 BTC
21,430 BTC
Market value of BTC
$1.2B
$1.4B
Average cost per BTC
$35,325.00
—
Total cost basis
$661.0M
—
mNAV (market cap ÷ BTC value)
—
2.97×
Sats per share
—
14.2k
Last disclosed purchase
—
No tracked purchases yet
- 5/14/2026+190 BTC$0.00
- 3/10/2026+-1,010 BTC$0.00
- 3/10/2026+0 BTC$0.00
- 11/19/2025+80 BTC$0.00
- 9/17/2025+-1,390 BTC$0.00
SPCX vs BLSH: frequently asked
Which company holds more Bitcoin, SPCX or BLSH?▾
Bullish (BLSH) holds 21,430 BTC, compared to SpaceX's (SPCX) 18,712 BTC — roughly 1.1× more.
What's the total Bitcoin value on the balance sheets of SPCX and BLSH?▾
SPCX holds $1.2B worth of Bitcoin at current market prices. BLSH holds $1.4B.
Who has a lower cost basis per BTC, SPCX or BLSH?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did SPCX last buy Bitcoin?▾
SPCX's last BTC purchase isn't in our tracked history yet.
When did BLSH last buy Bitcoin?▾
BLSH disclosed a 190 BTC purchase on May 14, 2026.