Winning
Michael Saylor
Strategy (MSTR)
- Holds
- 850,363 BTC
- 4.05% of all Bitcoin
- Worth right now
- $54,330,542,433
- 1 BTC = $63,891.00 (−6.54% today)
- Loss so far
- −$9,833,885,476
- −15.33% on $64.16B spent
Michael Saylor's Bitcoin vs Tom Lee's Ethereum
Tom Lee
BitMine (BMNR)
- Holds
- 6,070,092 ETH
- 4.97% of all Ethereum
- Worth right now
- $10,697,323,132
- 1 ETH = $1,762.30 (−8.84% today)
- Loss so far
- −$9,653,145,906
- −47.43% on $20.35B* spent
Saylor is losing less.
Every $1 Strategy spent on Bitcoin is now worth $0.85. Every $1 BitMine spent on Ethereum is now worth $0.53. Saylor leads by 32.1 points of return.
Tale of the tape
| Saylor Strategy, Bitcoin | Measure | Lee BitMine, Ethereum |
|---|---|---|
| 850,363 BTC | Holdings | 6,070,092 ETH |
| 4.05% | Share of supply | 4.97% |
| $75,455 | Average buy price | $3,353* |
| $63,891.00 (−6.54% today) | Live price | $1,762.30 (−8.84% today) |
| $64.16B | Total spent | $20.35B* |
| $54.33B | Worth now | $10.70B |
| −$9.83B | Profit or loss | −$9.65B |
| −15.3% | Return on cost | −47.4% |
| BTC must rise 18.1% | To break even | ETH must rise 90.2% |
* BitMine does not publish what it paid for its ETH. This figure is a third-party estimate of $3,352.58 per coin from BitMineTracker, so Lee's profit and loss is approximate.
Two treasuries, one scoreboard
Michael Saylor turned Strategy into the largest corporate holder of Bitcoin, buying 850,363 BTC since 2020. Tom Lee is running the same playbook with Ethereum at BitMine, which now holds 6,070,092 ETH and is closing in on 5% of supply.
Both companies raise money and convert it into one coin. That makes them a clean test of BTC vs ETH as a treasury asset, and this page keeps score in real time.
How the winner is decided
The winner is whoever has the better return on cost: the current value of the coins divided by what the company paid for them. Dollar profit is shown too, but the treasuries are different sizes, so return is the fair comparison. Staking income, debt, and share prices are not counted.
- Who is winning, Michael Saylor's Bitcoin or Tom Lee's Ethereum?
- Right now Michael Saylor is ahead. Every $1 Strategy spent on Bitcoin is now worth $0.85. Every $1 BitMine spent on Ethereum is now worth $0.53. Saylor leads by 32.1 points of return. The verdict updates live as BTC and ETH prices move.
- How much Bitcoin does Michael Saylor's Strategy hold?
- Strategy (MSTR) holds 850,363 BTC, about 4.05% of all Bitcoin. It paid $64.16B in total, an average of $75,455 per coin.
- How much Ethereum does Tom Lee's BitMine hold?
- BitMine Immersion (BMNR) holds 6,070,092 ETH, about 4.97% of all Ethereum. Its cost is estimated at $20.35B, an average of $3,353 per coin.
- How is the BTC vs ETH winner decided?
- By return on cost: what the treasury is worth today compared with what the company paid for it. Return is used instead of dollar profit because the two treasuries are different sizes, so a percentage is the fair comparison.
- What price do they need to break even?
- Saylor breaks even when Bitcoin trades at $75,455. Lee breaks even when Ethereum trades at about $3,353.