Marathon Digital (MARA) vs Coinbase (COIN)
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
MARA
COIN
BTC holdings
38,689
14,548
Market value of BTC
$3.0B
$1.1B
Average cost per BTC
$70,069.00
$35,634.00
Total cost basis
$5.9B
$518.4M
mNAV (market cap ÷ BTC value)
1.66×
35.25×
Sats per share
10.2k
6.5k
Last disclosed purchase
3/2/2026
2/12/2026
Country
🇺🇸 US
🇺🇸 US
- 3/2/2026+860$150.0M
- 11/4/2025+860$20.9M
- 4/3/2025+1,226$103.0M
- 3/10/2025+715$62.5M
- 2/3/2025+766$74.9M
- 2/12/2026+841$75.0M
- 10/30/2025+2,682$300.0M
- 7/30/2025+2,509$222.0M
- 5/9/2025+267$25.4M
- 12/31/2022+1,127$23.7M
MARA vs COIN: frequently asked
Which company holds more Bitcoin, MARA or COIN?▾
Marathon Digital (MARA) holds 38,689 BTC, compared to Coinbase's (COIN) 14,548 BTC — roughly 2.7× more.
What's the total Bitcoin value on the balance sheets of MARA and COIN?▾
MARA holds $3.0B worth of Bitcoin at current market prices. COIN holds $1.1B.
Who has a lower cost basis per Bitcoin, MARA or COIN?▾
MARA's average cost is $70,069.00 per BTC. COIN's is $35,634.00. COIN is the lower cost basis.
When did MARA last buy Bitcoin?▾
MARA disclosed a 860 BTC purchase on March 2, 2026.
When did COIN last buy Bitcoin?▾
COIN disclosed a 841 BTC purchase on February 12, 2026.