NCTYvsMARA
The9 Limited 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.
NCTY
The9 Limited
🇨🇳 CN
347 BTC
$22.2M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
NCTY
MARA
BTC holdings
347 BTC
35,303 BTC
Market value of BTC
$22.2M
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
2.78×
2.05×
Sats per share
2.3k
9.3k
Last disclosed purchase
Apr 15, 2024
- Apr 15, 2024+20 BTC$1.3M
- Dec 30, 2022+0 BTC—
- May 30, 2022+0 BTC—
- Dec 30, 2021+0 BTC—
- May 11, 2026+-3,386 BTC$278.1M
NCTY vs MARA: frequently asked
Which company holds more Bitcoin, NCTY or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to The9 Limited's (NCTY) 347 BTC — roughly 101.7× more.
What's the total Bitcoin value on the balance sheets of NCTY and MARA?▾
NCTY holds $22.2M worth of Bitcoin at current market prices. MARA holds $2.3B.
Who has a lower cost basis per BTC, NCTY or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did NCTY last buy Bitcoin?▾
NCTY disclosed a 20 BTC purchase on April 15, 2024.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.