Marathon Digital (MARA) vs Riot Platforms (RIOT)
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
RIOT
BTC holdings
38,689
15,680
Market value of BTC
$3.0B
$1.2B
Average cost per BTC
$70,069.00
$59,000.00
Total cost basis
$5.9B
$925.1M
mNAV (market cap ÷ BTC value)
1.66×
2.45×
Sats per share
10.2k
4.1k
Last disclosed purchase
3/2/2026
4/9/2025
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
- 4/9/2025+531$44.6M
- 3/21/2025+471$40.6M
- 1/30/2025+701$66.6M
- 1/7/2025+293$27.4M
- 12/12/2024+5,117$510.0M
MARA vs RIOT: frequently asked
Which company holds more Bitcoin, MARA or RIOT?▾
Marathon Digital (MARA) holds 38,689 BTC, compared to Riot Platforms's (RIOT) 15,680 BTC — roughly 2.5× more.
What's the total Bitcoin value on the balance sheets of MARA and RIOT?▾
MARA holds $3.0B worth of Bitcoin at current market prices. RIOT holds $1.2B.
Who has a lower cost basis per Bitcoin, MARA or RIOT?▾
MARA's average cost is $70,069.00 per BTC. RIOT's is $59,000.00. RIOT is the lower cost basis.
When did MARA last buy Bitcoin?▾
MARA disclosed a 860 BTC purchase on March 2, 2026.
When did RIOT last buy Bitcoin?▾
RIOT disclosed a 531 BTC purchase on April 9, 2025.