MARA Holdings MARA.US
MARA Holdings holds 35,303 BTC · mNAV 2.130× (premium). As of 2026-07-10.
- BTC held
- 35,303
- mNAV
- 2.130×
- Market cap
- $4.80B
- BTC value
- $2.26B
Operating Bitcoin miner — equity value reflects its mining business in addition to its BTC holdings.
How the ratio is built
mNAV = equity market cap ÷ value of BTC held. Above 1× the equity trades at a premium to its Bitcoin NAV; below 1× a discount. Market cap here is 12.6 USD × 381.3M shares (shares as of 2026-05). It is an observable ratio, not a valuation judgement or advice.
Cohort context
Across all public companies tracked, corporate treasuries hold 1,279,883 BTC (2,343 vs 30 days ago) — roughly 6.09% of Bitcoin’s market cap. Per-company time series is not tracked here; figures are point-in-time as of 2026-07-10.
Sources
- Yahoo Finance — MARA.US equity quote
- MARA Holdings (MARA) shares outstanding ~381.3M (2026) — maintained constant, update on new SEC filings
- CoinGecko — public-company Bitcoin treasuries (holdings)
as of 2026-07-10
Observable public-company Bitcoin data, sourced and dated. mNAV has no standard definition; figures are point-in-time, methodology-dependent, and can differ between trackers. Information, not financial advice. How CoinBucha computes its cohort: methodology. Machine-readable: coinbucha.com/treasury.json.