Marathon Digital (MARA) vs Metaplanet (TYO:3350)

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
TYO:3350
BTC holdings
38,689
40,177
Market value of BTC
$3.0B
$3.1B
Average cost per BTC
$70,069.00
$97,600.00
Total cost basis
$5.9B
$3.9B
mNAV (market cap ÷ BTC value)
1.66×
1.28×
Sats per share
10.2k
4.5k
Last disclosed purchase
3/2/2026
3/31/2026
Country
🇺🇸 US
🇯🇵 JP
MARA · recent purchases
  • 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
TYO:3350 · recent purchases
  • 3/31/2026+5,075$405.5M
  • 12/29/2025+4,279$447.9M
  • 9/29/2025+5,268$623.3M
  • 9/19/2025+5,419$632.5M
  • 9/5/2025+136$15.2M

MARA vs TYO:3350: frequently asked

Which company holds more Bitcoin, MARA or TYO:3350?

Metaplanet (TYO:3350) holds 40,177 BTC, compared to Marathon Digital's (MARA) 38,689 BTC.

What's the total Bitcoin value on the balance sheets of MARA and TYO:3350?

MARA holds $3.0B worth of Bitcoin at current market prices. TYO:3350 holds $3.1B.

Who has a lower cost basis per Bitcoin, MARA or TYO:3350?

MARA's average cost is $70,069.00 per BTC. TYO:3350's is $97,600.00. MARA is the lower cost basis.

When did MARA last buy Bitcoin?

MARA disclosed a 860 BTC purchase on March 2, 2026.

When did TYO:3350 last buy Bitcoin?

TYO:3350 disclosed a 5,075 BTC purchase on March 31, 2026.