HKHCvsMARA
Horizon Kinetics Holding Corporation 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.
HKHC
Horizon Kinetics Holding Corporation
🇺🇸 US
132 BTC
$8.5M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
HKHC
MARA
BTC holdings
132 BTC
35,303 BTC
Market value of BTC
$8.5M
$2.3B
Average cost per BTC
$13,325.76
$68,236.16
Total cost basis
$1.8M
$2.4B
mNAV (market cap ÷ BTC value)
63.27×
2.04×
Sats per share
708
9.3k
Last disclosed purchase
Dec 31, 2025
- Dec 31, 2025+0 BTC—
- Nov 13, 2025+1 BTC$101.5K
- Sep 30, 2025+0 BTC—
- Aug 12, 2025+-10 BTC$1.2M
- Mar 31, 2025+0 BTC—
HKHC vs MARA: frequently asked
Which company holds more Bitcoin, HKHC or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Horizon Kinetics Holding Corporation's (HKHC) 132 BTC — roughly 267.4× more.
What's the total Bitcoin value on the balance sheets of HKHC and MARA?▾
HKHC holds $8.5M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, HKHC or MARA?▾
HKHC's average cost is $13,325.76 per BTC. MARA's is $68,236.16. HKHC is the lower cost basis.
When did HKHC last buy Bitcoin?▾
HKHC disclosed a 0 BTC purchase on December 31, 2025.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.