COINvsMARA
Coinbase 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
COIN
MARA
BTC holdings
16,949 BTC
35,303 BTC
Market value of BTC
$1.1B
$2.2B
Average cost per BTC
$98,950.50
$68,236.16
Total cost basis
$1.7B
$2.4B
mNAV (market cap ÷ BTC value)
38.44×
2.06×
Sats per share
6.4k
9.3k
Last disclosed purchase
May 7, 2026
- May 7, 2026+1,073 BTC$85.8M
- 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
COIN vs MARA: frequently asked
Which company holds more Bitcoin, COIN or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Coinbase's (COIN) 16,949 BTC — roughly 2.1× more.
What's the total Bitcoin value on the balance sheets of COIN and MARA?▾
COIN holds $1.1B worth of Bitcoin at current market prices. MARA holds $2.2B.
Who has a lower cost basis per BTC, COIN or MARA?▾
COIN's average cost is $98,950.50 per BTC. MARA's is $68,236.16. MARA is the lower cost basis.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.