BTC-TEZOSvsMSTR
The Tezos Foundation 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-TEZOS
The Tezos Foundation
🇨🇭 CH
2,903 BTC
$185.6M market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$54.0B market value
Metric
BTC-TEZOS
MSTR
BTC holdings
2,903 BTC
843,775 BTC
Market value of BTC
$185.6M
$54.0B
Average cost per BTC
$81,551.00
$75,476.00
Total cost basis
$236.7M
$63.7B
mNAV (market cap ÷ BTC value)
—
0.61×
Sats per share
—
235.8k
Last disclosed purchase
—
No tracked purchases yet
- 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
- Jun 1, 2026+-32 BTC$2.5M
BTC-TEZOS vs MSTR: frequently asked
Which company holds more Bitcoin, BTC-TEZOS or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to The Tezos Foundation's (BTC-TEZOS) 2,903 BTC — roughly 290.7× more.
What's the total Bitcoin value on the balance sheets of BTC-TEZOS and MSTR?▾
BTC-TEZOS holds $185.6M worth of Bitcoin at current market prices. MSTR holds $54.0B.
Who has a lower cost basis per BTC, BTC-TEZOS or MSTR?▾
BTC-TEZOS's average cost is $81,551.00 per BTC. MSTR's is $75,476.00. MSTR is the lower cost basis.
When did BTC-TEZOS last buy Bitcoin?▾
BTC-TEZOS's last BTC purchase isn't in our tracked history yet.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.