GOV-AEvsBLSH
United Arab Emirates 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.
GOV-AE
United Arab Emirates
🇦🇪 AE
6,782 BTC
$445.4M market value
BLSH
Bullish
🇺🇸 US
21,430 BTC
$1.4B market value
Metric
GOV-AE
BLSH
BTC holdings
6,782 BTC
21,430 BTC
Market value of BTC
$445.4M
$1.4B
Average cost per BTC
—
—
Total cost basis
—
—
mNAV (market cap ÷ BTC value)
—
2.92×
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
GOV-AE vs BLSH: frequently asked
Which company holds more Bitcoin, GOV-AE or BLSH?▾
Bullish (BLSH) holds 21,430 BTC, compared to United Arab Emirates's (GOV-AE) 6,782 BTC — roughly 3.2× more.
What's the total Bitcoin value on the balance sheets of GOV-AE and BLSH?▾
GOV-AE holds $445.4M worth of Bitcoin at current market prices. BLSH holds $1.4B.
Who has a lower cost basis per BTC, GOV-AE or BLSH?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did GOV-AE last buy Bitcoin?▾
GOV-AE'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.