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How Much Bitcoin Does Marathon Digital Holdings Own?

Public Companies that Own Bitcoin

Entity Country Symbol:Exchange # of BTC Value Today % of 21m
MicroStrategy MSTR:NADQ 158,245 152800 0.728%
Marathon Digital Holdings Inc MARA:NADQ 13,286 13286 0.063%
Tesla, Inc TSLA:NADQ 10,725 10725 0.051%
Hut 8 Mining Corp HUT:NASDAQ 9255 9255 0.044%
Coinbase Global, Inc. COIN:NADQ 9,000 9000 0.043%
Galaxy Digital Holdings BRPHF:OTCMKTS 8,100 8100 0.039%
Block, Inc. SQ:NYSE 8,027 8027 0.038%
Riot Platforms, Inc. RIOT:NADQ 7,309 7309 0.035%

How Much Bitcoin Does Marathon Digital Holdings Own?

Marathon Digital Holdings, Inc. (NASDAQ: MARA) currently owns 12,964 Bitcoins as of August 31, 2023(1).

What Does Marathon Digital Holdings Do?

Marathon Digital Holdings has been mining bitcoin since its founding in 2010. They are headquartered in Fort Lauderdale, Florida.

As of September 5th, 2023, their current hashing capacity is 23 EH/S across 8 mining facilities. Two more exahashes are planned for international locations with an additional five exahashes of capacity contracted for. This puts Marathon’s total anticipated hash rate at 30 exahashes before the end of 2023(2).

Where Does Marathon Digital Holdings Get Its Bitcoin?

The company accrues Bitcoin through its mining operations. Marathon has a strategy of hodling all the bitcoin it mines, only selling to reinvest in enhanced mining operations.

Who Owns Marathon Digital Holdings?

Marathon Digital Holdings is a public company traded on the NASDAQ stock exchange. As of April 2023, about 30% of the stock was held by institutional investors, while corporate insiders own about 3% of the stock.

Fred Thiel became the Chairman and CEO of Marathon Digital in 2021 having formerly been the CEO of GameSpy. Thiel is also the CEO of Thiel Advisors.

Others in the executive team include:

Jim Crawford as Chief Operating Officer, Adam Swick as Chief Growth Officer, Ashu Swami as Chief Technology Officer, John Lee as Chief Accounting Officer and Jolie Kahn as Legal Counsel.

Does Marathon Digital Holdings Only Mine Bitcoin?

Yes, on the company website, Marathon refers to itself as a "Bitcoin company".

Does Marathon Own or Mine Ethereum and Other Cryptocurrencies?

No, Marathon’s primary interest is Bitcoin and Bitcoin mining.

Total of Bitcoins Owned by Entities

Category # of BTC Value Today % of 21m
ETFs 819125 819125 3.901%
Countries 451968 451968 2.152%
Public Companies 238859 238859 1.137%
Private Companies 429381 429381 2.045%

Learn More About Other Entities Owning Bitcoin

Entity Country # of BTC Value Today
200,000 200000
2,381 2381
643,572 643572
7,309 7309
9255 9255
55,000 55000
8,100 8100
9,000 9000
13,286 13286
8,027 8027
10,725 10725
Article Sources

BuyBitcoinWorldWide writers are subject matter experts and base their articles on firsthand information, like interviews with experts, whitepapers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. U.S. Securities and Exchange Commission - Form 8k Marathon Digital Holdings, Inc., https://www.sec.gov/Archives/edgar/data/1507605/000149315221013071/form8-k.htm
  2. mara.com - Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for August 2023, https://ir.mara.com/news-events/press-releases/detail/1324/marathon-digital-holdings-announces-bitcoin-production-and
  3. BuyBitcoinWorldWide.com - Bitcoin Treasuries, https://buybitcoinworldwide.com/treasuries/