REFINE.STOvsMARA
Refine Group AB 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.
REFINE.STO
Refine Group AB
🇸🇪 SE
7.18 BTC
$459.0K market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
REFINE.STO
MARA
BTC holdings
7.18 BTC
35,303 BTC
Market value of BTC
$459.0K
$2.3B
Average cost per BTC
$110,676.84
$68,236.16
Total cost basis
$794.7K
$2.4B
mNAV (market cap ÷ BTC value)
—
2.05×
Sats per share
—
9.3k
Last disclosed purchase
Sep 5, 2025
- Sep 5, 2025+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
REFINE.STO vs MARA: frequently asked
Which company holds more Bitcoin, REFINE.STO or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Refine Group AB's (REFINE.STO) 7.18 BTC — roughly 4916.9× more.
What's the total Bitcoin value on the balance sheets of REFINE.STO and MARA?▾
REFINE.STO holds $459.0K worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, REFINE.STO or MARA?▾
REFINE.STO's average cost is $110,676.84 per BTC. MARA's is $68,236.16. MARA is the lower cost basis.
When did REFINE.STO last buy Bitcoin?▾
REFINE.STO disclosed a 0 BTC purchase on September 5, 2025.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.