MARA
MARAMarket valuation vs the Bitcoin it holds
2.51×
Premium
a 151% premium to Bitcoin NAV
MARA trades at 2.51× its Bitcoin NAV — you pay $2.51 for every $1 of Bitcoin it holds, a 2.31B USD pile.
Live · last updated
BTC held
35,303 BTC
Bitcoin treasury
Bitcoin NAV
2.31B USD
at today's BTC price
Market cap
5.80B USD
Fully diluted
Share price
12.2 USD
USD
Last BTC buy
572 BTC
Feb 25, 2026
mNAV over time
Full history · dilutedToday's 2.51× sits in a 52-week range of 0.73× to 2.61×.
mNAV · 52-week range
0.73×–2.61×
0.73×now 2.51×2.61×
About MARA
MARA (MARA) owns 35,303 BTC. At today's price that Bitcoin is worth 2.31B USD. The market caps the whole company at 5.80B USD — 2.51× its Bitcoin. Put plainly: you pay $2.51 for every $1 of Bitcoin it holds, a 151% premium for everything that isn't the Bitcoin. It bought in at an average of 71.8K USD per coin.
MARA (MARA) mNAV — frequently asked
- What is MARA (MARA)'s mNAV?
- MARA's mNAV is currently 2.51×. mNAV divides MARA's market capitalisation by the value of the Bitcoin it holds, so 2.51× means the market values the company at 2.51× the worth of its Bitcoin treasury (2.31B USD).
- Is MARA (MARA) overvalued versus its Bitcoin?
- At 2.51×, MARA (MARA) trades at a 151% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 0.73×–2.61×.
- How much Bitcoin does MARA (MARA) hold?
- MARA holds 35,303 BTC, worth 2.31B USD at current prices. Its most recent purchase was 572 BTC on Feb 25, 2026.
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