PNIX.AQSEvsMARA
Phoenix Digital Assets PLC 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.
PNIX.AQSE
Phoenix Digital Assets PLC
🇬🇧 GB
246 BTC
$15.8M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
PNIX.AQSE
MARA
BTC holdings
246 BTC
35,303 BTC
Market value of BTC
$15.8M
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
—
2.05×
Sats per share
—
9.3k
Last disclosed purchase
Dec 29, 2023
- Dec 29, 2023+0 BTC—
- 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
PNIX.AQSE vs MARA: frequently asked
Which company holds more Bitcoin, PNIX.AQSE or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Phoenix Digital Assets PLC's (PNIX.AQSE) 246 BTC — roughly 143.3× more.
What's the total Bitcoin value on the balance sheets of PNIX.AQSE and MARA?▾
PNIX.AQSE holds $15.8M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, PNIX.AQSE or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did PNIX.AQSE last buy Bitcoin?▾
PNIX.AQSE disclosed a 0 BTC purchase on December 29, 2023.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.