WULFvsMARA
TeraWulf 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.
Metric
WULF
MARA
BTC holdings
18 BTC
35,303 BTC
Market value of BTC
$1.2M
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
8418.63×
2.04×
Sats per share
4
9.3k
Last disclosed purchase
Feb 27, 2026
- Feb 27, 2026+0 BTC$151.6M
- Sep 30, 2025+0 BTC$1.6M
- Mar 31, 2025+0 BTC$988.2K
- Mar 28, 2025+0 BTC—
- Dec 31, 2024+0 BTC$219.0M
WULF vs MARA: frequently asked
Which company holds more Bitcoin, WULF or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to TeraWulf's (WULF) 18 BTC — roughly 1961.3× more.
What's the total Bitcoin value on the balance sheets of WULF and MARA?▾
WULF holds $1.2M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, WULF or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did WULF last buy Bitcoin?▾
WULF disclosed a 0 BTC purchase on February 27, 2026.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.