MSTRvsMARA
Strategy 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.
MSTR
Strategy
🇺🇸 US
843,775 BTC
$54.4B market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
MSTR
MARA
BTC holdings
843,775 BTC
35,303 BTC
Market value of BTC
$54.4B
$2.3B
Average cost per BTC
$75,476.00
$68,236.16
Total cost basis
$63.7B
$2.4B
mNAV (market cap ÷ BTC value)
0.64×
2.04×
Sats per share
235.8k
9.3k
Last disclosed purchase
Jul 6, 2026
- Jul 6, 2026+-3,588 BTC$216.0M
- Jun 22, 2026+520 BTC$34.9M
- Jun 15, 2026+1,587 BTC$100.0M
- Jun 8, 2026+1,550 BTC$101.3M
- Jun 1, 2026+-32 BTC$2.5M
MSTR vs MARA: frequently asked
Which company holds more Bitcoin, MSTR or MARA?▾
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 MSTR and MARA?▾
MSTR holds $54.4B worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, MSTR or MARA?▾
MSTR's average cost is $75,476.00 per BTC. MARA's is $68,236.16. MARA is the lower cost basis.
When did MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.