IBTCvsMARA
Monochrome 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.
IBTC
Monochrome Bitcoin ETF
🇦🇺 AU
1,304 BTC
$83.4M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
IBTC
MARA
BTC holdings
1,304 BTC
35,303 BTC
Market value of BTC
$83.4M
$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 29, 2025+0 BTC—
- Jan 29, 2025+0 BTC—
- Jan 28, 2025+0 BTC—
- Jan 27, 2025+0 BTC—
- Jan 23, 2025+0 BTC—
IBTC vs MARA: frequently asked
Which company holds more Bitcoin, IBTC or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Monochrome Bitcoin ETF's (IBTC) 1,304 BTC — roughly 27.1× more.
What's the total Bitcoin value on the balance sheets of IBTC and MARA?▾
IBTC holds $83.4M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, IBTC or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did IBTC last buy Bitcoin?▾
IBTC disclosed a 0 BTC purchase on July 29, 2025.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.