W e held 34,012 BTC (including digital assets - receivable, net) and produced 2,247 BTC at an average price of $71,688 .
MARAMARA Holdings
MARA is an energy and digital infrastructure company focused on acquiring, managing, and allocating energy to its highest-value uses. 10-K, Item 1
- Headquarters
- Hallandale Beach, FL
- CEO
- Frederick G. Thiel
- Next results
- around Feb 25, 2027
MARA is listed as miner (BTC). Below, what its 8-Ks and press releases say it holds, bought and sold, quoted, and what its 10-Qs and 10-Ks report at each quarter end. Coins per 1,000 shares: coins divided by the shares outstanding on the cover of the same filing.
Quarter by quarter
| Quarter end | Coins | change | Shares out | change | Coins per 1,000 shares | change | Fair value | Cost | Filing |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | - | - | 387.41M | +0.3% | - | - | $2.8B | $2.7B | 10-Q 2026-11-09 |
| 2026-06-30 | - | - | 386.30M | +1.3% | - | - | $2.1B | $2.0B | 10-Q 2026-08-06 |
| 2026-03-31 | 35,303 8-K | -34.4% | 381.27M | +0.3% | 0.0926 | -34.6% | $2.4B | $2.1B | 10-Q 2026-05-11 |
| 2025-12-31 | 53,822 8-K | +1.8% | 380.23M | +0.5% | 0.142 | +1.3% | $4.7B | $4.4B | 10-K 2026-03-02 |
| 2025-09-30 | 52,850 8-K | +5.8% | 378.18M | +2.1% | 0.140 | +3.6% | $6.0B | $4.6B | 10-Q 2025-11-04 |
| 2025-06-30 | 49,951 8-K | +5.1% | 370.46M | +5.3% | 0.135 | -0.2% | $5.4B | $3.4B | 10-Q 2025-07-29 |
| 2025-03-31 | 47,531 8-K | +5.9% | 351.93M | +1.8% | 0.135 | +4.0% | $3.9B | $3.1B | 10-Q 2025-05-08 |
| 2024-12-31 | 44,893 8-K | - | 345.82M | +7.5% | 0.130 | - | $4.2B | $2.8B | 10-K 2025-03-03 |
| 2024-09-30 | - | - | 321.83M | +9.3% | - | - | $1.7B | $1.3B | 10-Q 2024-11-12 |
| 2024-06-30 | - | - | 294.47M | 0.0% | - | - | $1.2B | $760.1M | 10-Q 2024-08-01 |
| 2023-12-31 | - | - | 294.47M | - | - | - | $639.7M | $515.3M | 10-Q 2024-08-01 |
Source: us-gaap CryptoAssetFairValue, CryptoAssetCost and CryptoAssetNumberOfUnits; dei EntityCommonStockSharesOutstanding. A tagged coin count is left out when it can't be right: fair value divided by it gives a price the coin never had, it goes with a total smaller than the current and noncurrent parts added up, or an 8-K within three weeks says something more than 50% different. The 8-K amount stands in for it then.
What the 8-Ks say
W e held 34,012 BTC (including digital assets - receivable, net) and produced 2,247 BTC at an average price of $71,688 .
We sold 3,891 BTC at an average price of $75,300 .
After quarter-end, w e sold 13,597 bitcoin around $81,039 , with proceeds of approximately $1.1 billion .
For the nine months ended September 30, 2026 , we sold approximately 26,984 bitcoin for $1.9 billion in proceeds.
W e held 35,577 BTC (including digital assets - receivable, net) and produced 2,422 BTC at an average price of $71,325 .
W e held 35,577 BTC (including digital assets - receivable, net) and produced 2,422 BTC at an average price of $71,325 .
We sold 2,213 BTC at an average price of $73,078 .
During Q1 2026 , we produced 2,247 BTC at an average price of $76,288 and sold 20,880 BTC at an average price of $70,137 .
During Q1 2026 , we produced 2,247 BTC at an average price of $76,288 and sold 20,880 BTC at an average price of $70,137 .
BALANCE SHEET At quarter end, we held 35,303 bitcoin, including 9,995 bitcoin loaned or pledged as collateral.
At March 31, 2026 , we held 35,303 BTC (including digital assets - receivable, net).
31 older statements
Between March 4 and March 25, 2026, the Company sold 15,133 bitcoin for an aggregate sale price of approximately $1.1 billion.
During Q4 2025 , we mined 2,011 BTC, for a total of 8,799 mined during the year.
In 2025 , we produced 8,799 BTC compared to 9,430 in 2024 .
BALANCE SHEET At year end, we held 53,822 bitcoin, including 15,315 bitcoin loaned or pledged as collateral.
At December 31, 2025 , we held 53,822 BTC (including digital assets - receivable, net).
Our holdings increased to 52,850 BTC at the end of September, with 2,144 BTC mined throughout the quarter, reflecting the strength of our operations.
During Q3 2025 , we mined 2,144 BTC.
At September 30, 2025 , we held 52,850 BTC (including bitcoin loaned, actively managed, or pledged as collateral).
We are one of the largest holders of bitcoin because mining bitcoin is our business Our bitcoin holdings increased to 49,951 bitcoin at the end of June, with 2,358 bitcoin mined over the quarter.
During Q2 2025 , we mined 2,358 BTC.
At June 30, 2025 , we held 49,951 BTC (including bitcoin loaned, actively managed and pledged as collateral).
Mined 2,286 BTC and purchased 340 BTC IN Q1 2025
Mined 2,286 BTC and purchased 340 BTC IN Q1 2025
At quarter end, we held 47,531 bitcoin (including loaned and collateralized bitcoin).
A shareholder holding one million shares of MARA stock hypothetically holds approximately 100 BTC as of the end of Q1 2025, reflecting a 3.5% increase in BTC yield per share since December 31, 2024.
At March 31, 2025, we held 47,531 BTC (including loaned and – collateralized BTC).
Q4, we mined 2,492 BTC and purchased 15,574 BTC using cash and proceeds from our zero-coupon convertible senior notes offerings.
Q4, we mined 2,492 BTC and purchased 15,574 BTC using cash and proceeds from our zero-coupon convertible senior notes offerings.
At year end, we held 44,893 BTC (including loaned and collateralized bitcoin) .
A shareholder holding one million shares of MARA stock hypothetically holds approximately 97.0 BTC as of the end of Q4 2024, reflecting a 62.4% increase in BTC yield per share since last year.
For the full year, we acquired 22,065 bitcoin at an average price of $87,205 and mined an additional 9,430 bitcoin, increasing our total bitcoin holdings to 44,893 as of December 31, 2024.
For the full year, we acquired 22,065 bitcoin at an average price of $87,205 and mined an additional 9,430 bitcoin, increasing our total bitcoin holdings to 44,893 as of December 31, 2024.
For the full year, we acquired 22,065 bitcoin at an average price of $87,205 and mined an additional 9,430 bitcoin, increasing our total bitcoin holdings to 44,893 as of December 31, 2024.
At quarter end, held 26,747 bitcoin (“BTC”) on our balance sheet.
During the quarter, we mined 2,070 BTC and purchased 6,210 BTC, of which 4,144 were acquired – using proceeds from a $300 million offering of convertible senior notes at an average price of $59,500 per BTC.
During the quarter, we mined 2,070 BTC and purchased 6,210 BTC, of which 4,144 were acquired – using proceeds from a $300 million offering of convertible senior notes at an average price of $59,500 per BTC.
A shareholder holding $1,000 of MARA stock hypothetically holds approximately 0.08 BTC as of the end of Q3 2024.
During the nine months ended September 30, 2024, we bought over 6,400 BTC at approximately $60,000 per BTC.
Produced 2,058 bitcoin (“BTC”) during Q2 2024, a 30% decrease from Q2 2023
Produced 2,811 BTC during Q1 2024, a 28% increase from Q1 2023 Revenues
The year was capped with a record fourth quarter, during which we produced 4,242 bitcoin, surpassing all of fiscal 2022’s production, and generated $156.8 million in revenue, a 452% increase year-over-year.
Work on MARA in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MARA/export.csv") into a cell.