BTCOvsMARA
Invesco Galaxy Bitcoin ETF 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.
BTCO
Invesco Galaxy Bitcoin ETF
🇺🇸 US
5,550 BTC
$354.8M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
BTCO
MARA
BTC holdings
5,550 BTC
35,303 BTC
Market value of BTC
$354.8M
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
—
2.05×
Sats per share
—
- Jul 13, 2026+274 BTC$17.0M
- Jul 10, 2026+-280 BTC$18.0M
- Jul 8, 2026+302 BTC$18.8M
- Jul 7, 2026+45 BTC$2.8M
- Jul 3, 2026+-1,254 BTC$78.4M
BTCO vs MARA: frequently asked
Which company holds more Bitcoin, BTCO or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Invesco Galaxy Bitcoin ETF's (BTCO) 5,550 BTC — roughly 6.4× more.
What's the total Bitcoin value on the balance sheets of BTCO and MARA?▾
BTCO holds $354.8M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, BTCO or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did BTCO last buy Bitcoin?▾
BTCO disclosed a 274 BTC purchase on July 13, 2026.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.