GBTCvsMARA
Grayscale Bitcoin Trust 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.
GBTC
Grayscale Bitcoin Trust
🇺🇸 US
135,664 BTC
$8.7B market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
GBTC
MARA
BTC holdings
135,664 BTC
35,303 BTC
Market value of BTC
$8.7B
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
—
2.05×
Sats per share
19.6k
9.3k
- Jul 13, 2026+-17 BTC$1.0M
- Jul 10, 2026+-5.58 BTC$357.2K
- Jul 9, 2026+-1,029 BTC$65.0M
- Jul 8, 2026+-5.62 BTC$349.9K
- Jul 8, 2026+-1,026 BTC$63.7M
GBTC vs MARA: frequently asked
Which company holds more Bitcoin, GBTC or MARA?▾
Grayscale Bitcoin Trust (GBTC) holds 135,664 BTC, compared to Marathon Digital's (MARA) 35,303 BTC — roughly 3.8× more.
What's the total Bitcoin value on the balance sheets of GBTC and MARA?▾
GBTC holds $8.7B worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, GBTC or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did GBTC last buy Bitcoin?▾
GBTC disclosed a -17 BTC purchase on July 13, 2026.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.