MARA Holdings, Inc.

🇺🇸United States
MARA
Holding bitcoin since Dec 31, 2020

BTC Holdings

49940

Share Price
$17.66

Current trading price per share

Market Cap
$6,264.3M

Total market capitalization

Enterprise Value
$7,962.6M

Market cap plus debt minus cash

NAV Multiple
1.143

Net Asset Value multiplier

BTC / Market Cap
87.49%

Bitcoin holdings as % of market cap

About MARA Holdings, Inc.

MARA Holdings, Inc., a publicly traded entity based in the United States and listed under the ticker MARA, stands as a prominent player in the digital asset and blockchain technology space. The company focuses on driving the adoption of Bitcoin through its core business model, which centers on the operation of large-scale Bitcoin mining facilities. By leveraging advanced mining hardware and sustainable energy solutions, MARA Holdings contributes to the security and decentralization of the Bitcoin network while generating digital assets as a key component of its operational strategy. Headquartered in the U.S., the company aligns itself with the growing demand for innovative financial technologies, positioning itself at the intersection of traditional corporate finance and the evolving world of cryptocurrencies. Its business model emphasizes efficiency in mining operations, often partnering with energy providers to optimize costs and reduce environmental impact, reflecting a commitment to responsible growth in the digital economy. This approach not only supports the broader Bitcoin ecosystem but also establishes MARA Holdings as a forward-thinking entity in the integration of blockchain solutions into mainstream business practices. The company’s operations underscore its belief in the transformative potential of decentralized finance, aiming to bridge the gap between conventional financial systems and the emerging landscape of digital currencies. By focusing on scalable mining infrastructure, MARA Holdings plays a vital role in supporting the infrastructure that powers Bitcoin, contributing to the global expansion of this pioneering technology across industries and markets.

A cornerstone of MARA Holdings’ strategy lies in its approach to Bitcoin treasury management, where it actively holds a significant portion of its corporate reserves in Bitcoin. This decision reflects a deep conviction in the long-term value and utility of Bitcoin as a store of value and a hedge against traditional financial system vulnerabilities. By integrating Bitcoin into its treasury, the company not only diversifies its asset base but also sets a precedent for other corporations exploring digital assets as part of their balance sheet management. MARA Holdings views Bitcoin not merely as a speculative investment but as a foundational element of its financial architecture, aligning with the broader movement toward decentralized monetary systems. The company employs rigorous risk management practices to safeguard its digital holdings, utilizing secure storage solutions and adhering to best-in-class protocols for asset protection. This proactive stance on Bitcoin adoption signals a shift in corporate thinking, encouraging other businesses to consider the benefits of incorporating digital currencies into their financial strategies. Furthermore, MARA Holdings’ commitment to Bitcoin extends beyond treasury management, as it educates stakeholders on the potential of blockchain technology to reshape economic paradigms. By championing this innovative approach in the United States, the company contributes to the normalization of digital assets within corporate finance, fostering greater acceptance and understanding of Bitcoin’s role in the global economy.

Within the digital asset industry, MARA Holdings, Inc. occupies a significant position as a leader in Bitcoin mining and corporate adoption of cryptocurrencies. Its operations in the United States place it within a key market for technological innovation and financial regulation, allowing the company to influence industry standards and practices on a global scale. MARA Holdings distinguishes itself through its dual focus on operational excellence in mining and strategic treasury management, setting a benchmark for how public companies can integrate Bitcoin into their long-term vision. The company’s prominence is further amplified by its advocacy for blockchain technology, as it engages with policymakers, industry peers, and the broader financial community to promote the benefits of decentralized systems. This leadership role enhances its reputation as a trailblazer in merging traditional corporate structures with the disruptive potential of digital assets. MARA Holdings also contributes to the resilience of the Bitcoin network through its mining activities, reinforcing the infrastructure that underpins this revolutionary technology. Its strategic significance lies in its ability to demonstrate the practical application of Bitcoin within a corporate framework, inspiring confidence among investors and businesses alike. By operating at the forefront of this transformative industry, MARA Holdings not only shapes the narrative around digital currencies but also plays an instrumental role in driving their mainstream acceptance, solidifying its standing as a pivotal force in the evolution of global finance.

Recent Developments

  • Jul 1, 2025: Bitcoin holdings increased by 81.00 BTC to 49940 BTC (BTC @ $107.2K)
  • Jun 29, 2025: Bitcoin holdings increased by 181.00 BTC to 49859 BTC (BTC @ $107.4K)
  • Jun 22, 2025: Bitcoin holdings increased by 135.00 BTC to 49678 BTC (BTC @ $102.2K)
  • Jun 16, 2025: Bitcoin holdings increased by 168.00 BTC to 49543 BTC (BTC @ $105.6K)
  • Jun 8, 2025: Bitcoin holdings increased by 64.00 BTC to 49375 BTC (BTC @ $105.6K)
MARA Holdings, Inc. — Bitcoin Holdings Over Time
December 31, 2020 - Present
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MARA Holdings, Inc. — Stock vs BTC Dynamics
December 31, 2020 - Present
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Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Jul 1, 2025
49940
81
$107173
Jun 29, 2025
49859
181
$107352
Jun 22, 2025
49678
135
$102163
Jun 16, 2025
49543
168
$105600
Jun 8, 2025
49375
64
$105619
Jun 5, 2025
49311
83
$104753
Jun 2, 2025
49228
49
$105698
May 31, 2025
49179
942
$104033
May 30, 2025
48237
100
$105573
May 16, 2025
48137
-100
$103781
Apr 30, 2025
48237
637
$94271
Apr 3, 2025
47600
1226
$82796
Mar 10, 2025
46374
715
$80975
Feb 3, 2025
45659
766
$96898
Jan 3, 2025
44893
499
$97212
Dec 19, 2024
44394
3959
$100232
Dec 10, 2024
40435
4053
$96951
Dec 6, 2024
36382
1423
$98986
Nov 30, 2024
34959
165
$96710
Nov 27, 2024
34794
919
$94258
Nov 22, 2024
33875
6313
$98715
Oct 31, 2024
27562
720
$71520
Oct 2, 2024
26842
642
$61286
Sep 14, 2024
26200
255
$60076
Aug 31, 2024
25945
945
$59154
Aug 14, 2024
25000
5000
$60183
Jul 25, 2024
20000
1464
$64614
Jun 30, 2024
18536
679
$61468
May 31, 2024
17857
226
$68005
Apr 30, 2024
17631
250
$61827
Mar 31, 2024
17381
451
$70525
Mar 20, 2024
16930
0
$63888
Feb 29, 2024
16930
1189
$62077
Jan 31, 2024
15741
567
$42930
Dec 31, 2023
15174
1448
$42509
Nov 15, 2023
13726
330
$36288
Oct 31, 2023
13396
-330
$34413
Sep 30, 2023
13726
440
$26917
Aug 31, 2023
13286
322
$27297
Jul 31, 2023
12964
426
$29278
Jun 30, 2023
12538
279
$30467
May 31, 2023
12259
691
$27714
May 1, 2023
11568
102
$29362
Mar 31, 2023
11466
74
$189087000$28041
Feb 28, 2023
11392
-840
$23518
Dec 31, 2022
12232
1562
$16604
Sep 30, 2022
10670
615
$19564
Jun 30, 2022
10055
681
$20109
Mar 31, 2022
9374
418
$47063
Feb 28, 2022
8956
823
$37804
Dec 31, 2021
8133
1098
$47192
Sep 30, 2021
7035
1251
$41588
Jun 30, 2021
5784
460
$35969
May 6, 2021
5324
257
$57432
Mar 15, 2021
5067
128
$59429
Jan 25, 2021
4939
4813
$32274
Dec 31, 2020
126
126
$28837