CBTCvsMARA
21Shares Bitcoin Core ETP vs Marathon Digital
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.
CBTC
21Shares Bitcoin Core ETP
🇨🇭 CH
3,730 BTC
$245.3M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
CBTC
MARA
BTC holdings
3,730 BTC
35,303 BTC
Market value of BTC
$245.3M
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
—
2.31×
Sats per share
—
No tracked purchases yet
- 5/11/2026+-3,386 BTC$0.00
- 5/11/2026+0 BTC$0.00
- 3/26/2026+0 BTC$1.1B
- 3/26/2026+-15,133 BTC-$1.1B
- 3/2/2026+0 BTC$0.00
CBTC vs MARA: frequently asked
Which company holds more Bitcoin, CBTC or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to 21Shares Bitcoin Core ETP's (CBTC) 3,730 BTC — roughly 9.5× more.
What's the total Bitcoin value on the balance sheets of CBTC and MARA?▾
CBTC holds $245.3M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, CBTC or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did CBTC last buy Bitcoin?▾
CBTC's last BTC purchase isn't in our tracked history yet.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.