MARAvsXBTE
Marathon Digital vs CoinShares / XBT Provider
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.
MARA
Marathon Digital
🇺🇸 US
38,689 BTC
$3.0B market value
XBTE
CoinShares / XBT Provider
🇨🇭 CH
48,466 BTC
$3.8B market value
Metric
MARA
XBTE
BTC holdings
38,689 BTC
48,466 BTC
Market value of BTC
$3.0B
$3.8B
Average cost per BTC
$88,236.14
—
Total cost basis
$5.9B
—
mNAV (market cap ÷ BTC value)
1.44×
—
Sats per share
10.2k
—
Last disclosed purchase
3/2/2026
—
Country
🇺🇸 US
🇨🇭 CH
- 3/2/2026+860 BTC$150.0M
- 11/4/2025+860 BTC$20.9M
- 4/3/2025+1,226 BTC$103.0M
- 3/10/2025+715 BTC$62.5M
- 2/3/2025+766 BTC$74.9M
No tracked purchases yet
MARA vs XBTE: frequently asked
Which company holds more Bitcoin, MARA or XBTE?▾
CoinShares / XBT Provider (XBTE) holds 48,466 BTC, compared to Marathon Digital's (MARA) 38,689 BTC — roughly 1.3× more.
What's the total Bitcoin value on the balance sheets of MARA and XBTE?▾
MARA holds $3.0B worth of Bitcoin at current market prices. XBTE holds $3.8B.
Who has a lower cost basis per BTC, MARA or XBTE?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did MARA last buy Bitcoin?▾
MARA disclosed a 860 BTC purchase on March 2, 2026.
When did XBTE last buy Bitcoin?▾
XBTE's last BTC purchase isn't in our tracked history yet.