GOV-BTvsMARA
Bhutan 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.
Metric
GOV-BT
MARA
BTC holdings
1,750 BTC
35,303 BTC
Market value of BTC
$111.9M
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
—
2.05×
Sats per share
—
9.3k
Last disclosed purchase
—
No tracked purchases yet
- May 11, 2026+-3,386 BTC$278.1M
- May 11, 2026+0 BTC$1.5B
- Mar 26, 2026+0 BTC$1.1B
- Mar 26, 2026+-15,133 BTC$1.1B
- Mar 2, 2026+972 BTC$63.9M
GOV-BT vs MARA: frequently asked
Which company holds more Bitcoin, GOV-BT or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Bhutan's (GOV-BT) 1,750 BTC — roughly 20.2× more.
What's the total Bitcoin value on the balance sheets of GOV-BT and MARA?▾
GOV-BT holds $111.9M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, GOV-BT or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did GOV-BT last buy Bitcoin?▾
GOV-BT'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.