HSDTvsMARA

Solana Company vs Marathon Digital

Side-by-side crypto treasury comparison across tokens: HSDT (Solana) vs MARA (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.

Mixed-token comparison. HSDT holds Solana, MARA holds Bitcoin — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
Metric
HSDT
MARA
Holdings (SOL / BTC)
2,064,717 SOL
38,689 BTC
Market value of treasury
$175.0M
$3.1B
Average cost per token
$230.31
$88,236.14
Total cost basis
$529.7M
$5.9B
mNAV (market cap ÷ token value)
0.49×
1.41×
Last disclosed purchase
10/29/2025
3/2/2026
Country
🇺🇸 US
🇺🇸 US
HSDT· recent SOL purchases
  • 10/29/2025+100,000 SOL$19.4M
  • 10/6/2025+1,439,810 SOL$334.7M
  • 9/22/2025+760,190 SOL$175.6M
MARA· recent BTC purchases
  • 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

HSDT vs MARA: frequently asked

Which company has a larger crypto treasury by USD value, HSDT or MARA?

HSDT (Solana) holds 2,064,717 SOL worth $175.0M. MARA (Bitcoin) holds 38,689 BTC worth $3.1B. MARA has the larger USD-value treasury — roughly 17.6× larger.

Can you compare HSDT's SOL holdings directly to MARA's BTC holdings?

Not in token-native amounts — HSDT holds Solana and MARA holds Bitcoin, so "2,064,717 SOL" and "38,689 BTC" measure different assets. The honest comparison is USD market value: $175.0M vs $3.1B at current prices.

What's HSDT's cost basis per SOL, and MARA's per BTC?

HSDT's average cost is $230.31 per SOL. MARA's is $88,236.14 per BTC. These aren't directly comparable across tokens — each is the company's average against its own asset.

When did HSDT last buy Solana?

HSDT disclosed a 100,000 SOL purchase on October 29, 2025.

When did MARA last buy Bitcoin?

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