SPCXvsMSTR
SpaceX 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.
Metric
SPCX
MSTR
BTC holdings
18,712 BTC
845,256 BTC
Market value of BTC
$1.2B
$54.5B
Average cost per BTC
$35,325.00
$75,683.00
Total cost basis
$661.0M
$64.0B
mNAV (market cap ÷ BTC value)
—
0.75×
Sats per share
—
255.5k
Last disclosed purchase
—
No tracked purchases yet
- 6/8/2026+1,550 BTC$101.3M
- 6/1/2026+-32 BTC-$2.5M
- 5/18/2026+24,869 BTC$2.0B
- 5/11/2026+535 BTC$43.0M
- 4/27/2026+3,273 BTC$255.0M
SPCX vs MSTR: frequently asked
Which company holds more Bitcoin, SPCX or MSTR?▾
Strategy (MSTR) holds 845,256 BTC, compared to SpaceX's (SPCX) 18,712 BTC — roughly 45.2× more.
What's the total Bitcoin value on the balance sheets of SPCX and MSTR?▾
SPCX holds $1.2B worth of Bitcoin at current market prices. MSTR holds $54.5B.
Who has a lower cost basis per BTC, SPCX or MSTR?▾
SPCX's average cost is $35,325.00 per BTC. MSTR's is $75,683.00. SPCX is the lower cost basis.
When did SPCX last buy Bitcoin?▾
SPCX's last BTC purchase isn't in our tracked history yet.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a 1,550 BTC purchase on June 8, 2026.