MARAvsMSTR
Marathon Digital vs Strategy
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.
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.2B market value
MSTR
Strategy
🇺🇸 US
843,775 BTC
$53.7B market value
Metric
MARA
MSTR
BTC holdings
35,303 BTC
843,775 BTC
Market value of BTC
$2.2B
$53.7B
Average cost per BTC
$68,236.16
$75,476.00
Total cost basis
$2.4B
$63.7B
mNAV (market cap ÷ BTC value)
2.06×
0.61×
Sats per share
9.3k
235.8k
Last disclosed purchase
May 11, 2026
- 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
MARA vs MSTR: frequently asked
Which company holds more Bitcoin, MARA or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Marathon Digital's (MARA) 35,303 BTC — roughly 23.9× more.
What's the total Bitcoin value on the balance sheets of MARA and MSTR?▾
MARA holds $2.2B worth of Bitcoin at current market prices. MSTR holds $53.7B.
Who has a lower cost basis per BTC, MARA or MSTR?▾
MARA's average cost is $68,236.16 per BTC. MSTR's is $75,476.00. MARA is the lower cost basis.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.