MSTR vs SBET Data Comparison (BTC MicroStrategy vs ETH MicroStrategy) Currently, #MSTR's holding ratio is 2.8645%, while #SBET's holding ratio is only 0.2325%, a difference of 12 times, and the company's market capitalization differs by 47 times. SBET's current mNAV is in the range of 2.5-3.5, higher than MSTR's 1.75, indicating that the market gives SBET a higher valuation premium. This premium also provides SBET with greater motivation to continue accumulating ETH, and the buying pressure for ETH will continue.