sats/share

MARA MARA Holdings, Inc.

T1 · DIRECT HOLDER confidence · Medium
9 210 sats/share
$7.13 /share at $77 409.00 /BTC
◐10-Q · 2026-06-30 ●10-Q · 2026-07-30
The path
MARA ─ 35 577 BTC / 386 299 297 sh ─▶ 9 210 sats

Sats per share, split-adjusted

5 000 10 000 15 000 2022 2023 2024 2025 2026 +23d satspershare.com · 2026-06-30
meanwhile: BTC held 35 577 BTC ▲

Export this chart as PNG — the watermark carries the vintage; screenshots without dates lie.

Split adjustment factors (raw numbers reconstruct: raw = adjusted ÷ factor)
EffectiveRatioFiling
2013-07-221:13 8-K — Reverse split during the Marathon Patent Group era, long before any bitcoin holdings; does
2014-12-222:1 8-K — 2-for-1 stock dividend issued 2014-12-22 — economically a 2:1 forward split (FY2017 10-K r
2017-10-301:4 8-K — Corroborated by the FY2017 10-K ('retroactively restated for the effect of the 1:4 reverse
2019-04-081:4 8-K — 1-for-4 reverse split (every four shares combined into one), pre-dating the first bitcoin

Vintage

Every figure above is only as current as its oldest contributing input: 2026-06-30 here . Positions and balances may have changed since. Sats per share moves on filings, not on price.

Market data TradingView
price panel · loads after the page · not required to read this site
third-party price data · outside the vintage system

Sources

All filings →

Notes from the filings

What the filings disclose beyond the numbers — caveats, corporate actions, and composition details recorded at extraction. These qualify the figures above.

  • [holdings 2026-06-30] Includes 9,270 BTC loaned or pledged as collateral under the digital asset management strategy. Most recent reported quarter; footnote table shows 'Total bitcoin holdings | 35,577'.
  • [holdings 2026-03-31] Includes 9,995 BTC loaned or pledged as collateral (loaned balance reduced to 5,742 after recalling 3,635 BTC during the quarter). Large decline vs. 12/31/2025 reflects sales of bitcoin to fund operations.
  • [holdings 2025-12-31] Of the 15,315 BTC under the digital asset management strategy: 9,377 loaned to third parties and 5,938 pledged as collateral for Line of Credit borrowings, classified as 'Digital assets - receivable, net'.
  • [holdings 2025-09-30] Includes 10,377 BTC loaned under master securities loan agreements plus SMA-managed and pledged BTC. Footnote table shows 'Total bitcoin holdings | 52,850'.
  • [holdings 2025-06-30] Includes 7,877 BTC loaned under master securities loan agreements, 2,000 BTC in a separately managed account (Two Prime SMA), and BTC pledged as collateral. Footnote table shows 'Total bitcoin holdings | 49,951'.
  • [holdings 2025-03-31] Composition of the 14,269: 7,377 BTC loaned to third parties and 6,892 BTC used as collateral for borrowings, classified as 'Digital asset - receivables, net'.
  • [holdings 2024-12-31] Total includes 10,374 BTC loaned or pledged as collateral (7,377 loaned per later disclosure). Digital assets footnote table shows 'Total bitcoin holdings | 44,893'.
  • [holdings 2024-09-30] Approximately. Excludes 95 BTC pending distribution from the ADGM Entity. Includes 6,481 BTC purchased during the first nine months of 2024.
  • [holdings 2024-06-30] Approximately. Excludes 50 BTC pending distribution from the ADGM Entity. Full-HODL treasury policy adopted July 25, 2024.
  • [holdings 2024-03-31] Approximately. Excludes 61 BTC pending distribution from the ADGM Entity. Fair-value measurement under ASU 2023-08.
  • [holdings 2023-12-31] Approximately. Excludes 48 BTC owned by the equity-method investee (ADGM Entity), allocable to MARA and pending distribution. The 10-K/A filed 2024-05-24 (acc 0001628280-24-025261) states 'Nothing in this Amendment constitutes a restatement of any numbers set forth in the Original Filing.'
  • [holdings 2023-09-30] Approximately. Excludes 10 BTC earned but pending distribution from the equity-method investee (ADGM Entity). Carrying value in thousands.
  • [holdings 2023-06-30] Approximately. Carrying value stated in thousands of dollars ($234,412 thousand).
  • [holdings 2023-03-31] Approximately. All holdings unrestricted after termination of Silvergate term loan and RLOC facilities on March 8, 2023.
  • [holdings 2022-12-31] Approximately. Composition: 7,816 unrestricted + 4,416 restricted (loan collateral). A 10-K/A filed 2023-04-28 did not change these figures.
  • [holdings 2022-09-30] Approximately. Same footnote states composition: digital currencies 6,842 BTC (~$126.4M) + digital currencies, restricted 3,828 BTC (~$70.8M, collateral for term loan and RLOC). MD&A adds that as of ~Nov 2022 holdings were ~11,440 BTC of which 1,950 unrestricted.
  • [holdings 2022-06-30] Approximately. On June 10, 2022 MARA withdrew ~4,769 BTC from the investment fund into its own account (fund terminated); restricted portion is collateral for Silvergate term loan/RLOC. A 600 BTC loan to NYDIG was terminated June 14, 2022.
  • [holdings 2022-03-31] Inferred total = 4,579 self-mined (digital currencies $135.1M + digital currencies, restricted $20.5M) + 4,794 in the NYDIG investment fund; both components are stated in the filing but no single total is stated. Both components 'approximately'.
  • [holdings 2021-12-31] Approximately. Composition: ~3,321 BTC carried directly as digital assets (of which ~2,721 restricted as loan collateral per later disclosure) plus 4,794 BTC in the NYDIG investment fund (18 fund BTC were liquidated during 2021 to pay fund fees).
  • [holdings 2021-09-30] Approximately. Includes BTC held directly as digital currencies and 4,812.66 BTC held via the NYDIG investment fund of one.
  • [holdings 2021-06-30] Approximately. Includes 4,812.66 BTC held via the NYDIG investment fund of one; footnote separately states 'the fair value of the approximate 971 bitcoin held as digital currencies' (direct holdings).
  • [holdings 2021-03-31] Approximately. Total includes 4,812.66 BTC purchased January 2021 and held in NYDIG Digital Assets Fund III, LP (an investment fund of one; MARA is sole limited partner) plus self-mined BTC held as digital currencies. A 10-Q/A filed 2021-05-12 (acc 0001493152-21-011136) only furnished Exhibit 101/certifications; figures unchanged.
  • [holdings 2020-12-31] Approximately. Stated in the MD&A liquidity discussion; the digital-currencies footnote shows only a USD balance of $2,271,656 (cost less impairment) at 12/31/2020 with no unit count. First period-end with a stated BTC unit count.
  • [shares 2026-07-30] Cover page. Pairs with 2026-06-30 holdings.
  • [shares 2026-04-30] Cover page. Pairs with 2026-03-31 holdings.
  • [shares 2026-02-19] Cover page. Pairs with 2025-12-31 holdings.
  • [shares 2025-10-28] Cover page. Pairs with 2025-09-30 holdings.
  • [shares 2025-07-22] Cover page. Pairs with 2025-06-30 holdings.
  • [shares 2025-04-30] Cover page. Pairs with 2025-03-31 holdings.
  • [shares 2025-02-21] Cover page. Pairs with 2024-12-31 holdings.
  • [shares 2024-11-05] Cover page. Pairs with 2024-09-30 holdings.
  • [shares 2024-07-25] Cover page. Pairs with 2024-06-30 holdings.
  • [shares 2024-05-03] Cover page. Pairs with 2024-03-31 holdings.
  • [shares 2024-02-21] Cover page. Pairs with 2023-12-31 holdings.
  • [shares 2023-11-06] Cover page. Pairs with 2023-09-30 holdings.
  • [shares 2023-08-04] Cover page. Pairs with 2023-06-30 holdings.
  • [shares 2023-05-09] Cover page. Pairs with 2023-03-31 holdings.
  • [shares 2023-03-13] Cover page. Pairs with 2022-12-31 holdings.
  • [shares 2022-11-14] Cover page. Pairs with 2022-09-30 holdings.
  • [shares 2022-08-09] Cover page. Pairs with 2022-06-30 holdings.
  • [shares 2022-05-06] Cover page. Pairs with 2022-03-31 holdings.
  • [shares 2022-03-09] Cover page. Pairs with 2021-12-31 holdings.
  • [shares 2021-11-15] Cover page. Pairs with 2021-09-30 holdings.
  • [shares 2021-08-13] Cover page. Pairs with 2021-06-30 holdings.
  • [shares 2021-05-10] Cover page. Pairs with 2021-03-31 holdings (balance sheet shows 99,370,465 issued and outstanding at 3/31/2021).
  • [shares 2021-03-16] Cover page; single class of common stock. Pairs with 2020-12-31 holdings.