BTC holdings 53,822
Company: Marathon Digital
The claim, verbatim
BTC holdings increased 20% to 53,822 BTC (including loaned/pledged) at end of 2025; liquidity of ~$5.3B in cash and BTC.
Source (primary)
MARA Investor Presentation (IR page (ir.mara.com), ir_presentation)
View cached copy (2026-11-10)Live source ↗
Quote: “BTC Holdings Increased 20% to 53,822* from 44,893 at the end of Q4 2024”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The Q4 2025 overview slide states the BTC increase, the inclusion of loaned or pledged bitcoin, and liquidity of about $5.3B in cash and BTC.
Confirmed in the source:
- BTC holdings increased 20% to 53,822 BTC, from 44,893 at the end of Q4 2024.
- The 53,822 BTC figure includes bitcoin that is loaned or pledged as collateral.
- The figure is as of December 31, 2025.
- Cash and BTC holdings totaled approximately $5.3B at the end of Q4 2025.
What we did: Read our cached copy of IR page (ir.mara.com) (https://d1io3yog0oux5.cloudfront.net/_8c69f4357a699e228a85d68890478b48/marathondh/db/417/7571/pdf/MARA+Investor+Presentation_March+2026+%281%29.pdf) in full (26,961 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms MARA Investor Presentation
Quote: “BTC Holdings Increased 20% to 53,822* from 44,893 at the end of Q4 2024”