BTC-TEZOSvsMARA
The Tezos Foundation 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.
BTC-TEZOS
The Tezos Foundation
🇨🇭 CH
2,903 BTC
$185.6M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
BTC-TEZOS
MARA
BTC holdings
2,903 BTC
35,303 BTC
Market value of BTC
$185.6M
$2.3B
Average cost per BTC
$81,551.00
$68,236.16
Total cost basis
$236.7M
$2.4B
mNAV (market cap ÷ BTC value)
—
2.05×
Sats per share
—
9.3k
Last disclosed purchase
—
No tracked purchases yet
- 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
- Mar 2, 2026+972 BTC$63.9M
BTC-TEZOS vs MARA: frequently asked
Which company holds more Bitcoin, BTC-TEZOS or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to The Tezos Foundation's (BTC-TEZOS) 2,903 BTC — roughly 12.2× more.
What's the total Bitcoin value on the balance sheets of BTC-TEZOS and MARA?▾
BTC-TEZOS holds $185.6M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, BTC-TEZOS or MARA?▾
BTC-TEZOS's average cost is $81,551.00 per BTC. MARA's is $68,236.16. MARA is the lower cost basis.
When did BTC-TEZOS last buy Bitcoin?▾
BTC-TEZOS's last BTC purchase isn't in our tracked history yet.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.