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