MARA
MARAMarket valuation vs the Bitcoin it holds
1.97×
Premium
a 97% premium to Bitcoin NAV
MARA trades at 1.97× its Bitcoin NAV — you pay $1.97 for every $1 of Bitcoin it holds, a 2.27B USD pile.
Live · last updated
BTC held
35,303 BTC
Bitcoin treasury
Bitcoin NAV
2.27B USD
at today's BTC price
Market cap
0 USD
Fully diluted
Share price
11.8 USD
USD
Last BTC buy
572 BTC
Feb 25, 2026
mNAV over time
Full history · dilutedToday's 1.97× sits in a 52-week range of 0.73× to 2.61×.
mNAV · 52-week range
0.73×–2.61×
0.73×now 1.97×2.61×
About MARA
MARA (MARA) owns 35,303 BTC. At today's price that Bitcoin is worth 2.27B USD. The market caps the whole company at 0 USD — 1.97× its Bitcoin. Put plainly: you pay $1.97 for every $1 of Bitcoin it holds, a 97% 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 1.97×. mNAV divides MARA's market capitalisation by the value of the Bitcoin it holds, so 1.97× means the market values the company at 1.97× the worth of its Bitcoin treasury (2.27B USD).
- Is MARA (MARA) overvalued versus its Bitcoin?
- At 1.97×, MARA (MARA) trades at a 97% 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 2.27B USD at current prices. Its most recent purchase was 572 BTC on Feb 25, 2026.
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