NCTYvsMSTR
The9 Limited 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
NCTY
MSTR
BTC holdings
347 BTC
843,775 BTC
Market value of BTC
$22.2M
$54.0B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
2.78×
0.61×
Sats per share
2.3k
235.8k
Last disclosed purchase
Apr 15, 2024
- Apr 15, 2024+20 BTC$1.3M
- Dec 30, 2022+0 BTC—
- May 30, 2022+0 BTC—
- Dec 30, 2021+0 BTC—
- Jul 6, 2026+-3,588 BTC$216.0M
NCTY vs MSTR: frequently asked
Which company holds more Bitcoin, NCTY or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to The9 Limited's (NCTY) 347 BTC — roughly 2431.6× more.
What's the total Bitcoin value on the balance sheets of NCTY and MSTR?▾
NCTY holds $22.2M worth of Bitcoin at current market prices. MSTR holds $54.0B.
Who has a lower cost basis per BTC, NCTY or MSTR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did NCTY last buy Bitcoin?▾
NCTY disclosed a 20 BTC purchase on April 15, 2024.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.