MARA Holdings, Inc. (MARA) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
MARA currently has 380M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 32.07% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 380.2M shares outstanding |
380M | 0 |
| Mar 26, 2026 |
8-K filing: MARA Holdings, Inc. repurchased approximately $367.5 million in aggregate principal amount of its 2030 Notes for approximately $322.9 million and approximately $633.4 million in aggregate principal amount of its 2031 Notes for approximately $589.9 million and sold 15,133 bitcoin for approximately $1.1 billion between March 4 and March 25, 2026. ($1100.0M proceeds) |
370M | 0 |
| Nov 04, 2025 |
10-Q filing | 372.1M shares outstanding |
370M | 0 |
| Aug 11, 2025 |
8-K filing: Mara France, a subsidiary of MARA Holdings, Inc., entered into an investment agreement with Exaion SAS and others, to acquire ordinary shares of Exaion for approximately €115 million in a primary transaction and approximately €33 million in a secondary transaction, with a potential third transaction of approximately €110 million in 2027, contingent on certain conditions. ($277.54M proceeds) |
350M | 0 |
| Jul 29, 2025 |
10-Q filing | 352.9M shares outstanding |
350M | 0 |
| May 08, 2025 |
10-Q filing | 344.1M shares outstanding |
340M | 0 |
| Mar 03, 2025 |
10-K filing | 311.8M shares outstanding |
310M | 0 |
| Jan 10, 2025 |
8-K filing: MARA Holdings, Inc. issued 13 million shares of Series X Preferred Stock to Douglas Mellinger in a private placement for $1,300, with the shares redeemable at the original purchase price and having voting rights related to an authorized stock increase proposal. ($0.0M proceeds) |
290M | 0 |
| Nov 12, 2024 |
10-Q filing | 294.9M shares outstanding |
290M | 0 |
| Aug 01, 2024 |
10-Q filing | 278.7M shares outstanding |
280M | 0 |
| May 09, 2024 |
10-Q filing | 267.9M shares outstanding |
270M | 0 |
| Feb 28, 2024 |
10-K filing | 267.6M shares outstanding |
270M | 0 |
| Nov 08, 2023 |
10-Q filing | 222.6M shares outstanding |
220M | 0 |
| Sep 21, 2023 |
8-K filing: Marathon Digital Holdings, Inc. exchanged $417 million aggregate principal amount of its 1.00% Convertible Senior Notes due 2026 for an aggregate 31.7 million newly issued shares of Marathon common stock, resulting in approximately $101 million in cash savings. |
170M | 0 |
| Sep 08, 2023 |
8-K filing: Marathon Digital Holdings, Inc. exchanged approximately $417 million aggregate principal amount of its 1.00% Convertible Senior Notes due 2026 for an aggregate of approximately 26.2 million newly issued shares of Marathon common stock. |
170M | 0 |
| Aug 08, 2023 |
10-Q filing | 168.5M shares outstanding |
170M | 0 |
| Jun 09, 2023 |
8-K filing: Marathon Digital Holdings, Inc. entered into a securities purchase agreement on June 5, 2023, for the purchase of 15,000 shares of Series A redeemable convertible preferred stock in a private placement with gross proceeds expected to be approximately $14.25 million. ($14.25M proceeds) |
160M | 0 |
| Jun 06, 2023 |
8-K filing: Marathon Digital Holdings, Inc. appointed Salman Khan as its new Chief Financial Officer, effective as of June 14, 2023, and granted him 297,247 restricted stock units. |
160M | 0 |
| May 10, 2023 |
10-Q filing | 159.2M shares outstanding |
160M | 0 |
| Mar 16, 2023 |
10-K filing | 167.2M shares outstanding |
170M | 0 |
| Nov 14, 2022 |
10-Q filing | 116.5M shares outstanding |
120M | 0 |
| Aug 09, 2022 |
10-Q filing | 109.4M shares outstanding |
110M | 0 |
| May 06, 2022 |
10-Q filing | 103.1M shares outstanding |
100M | 0 |
| Mar 10, 2022 |
10-K filing | 99.3M shares outstanding |
99M | 0 |
| Jan 03, 2022 |
8-K filing: Marathon Digital Holdings, Inc. appointed Ashu Swami as its Chief Technology Officer and entered into an Executive Employment Agreement, granting him 80,000 restricted stock units. |
100M | 0 |
| Dec 21, 2021 |
8-K filing: Marathon Digital Holdings, Inc. entered into a Severance and Release Agreement with Merrick Okamoto, its Executive Chairman, where Okamoto is retiring effective December 31, 2021, and in exchange for a standard release, he will receive 83,333 restricted stock units of the Company, which shall vest immediately upon grant. |
100M | 0 |
| Nov 18, 2021 |
8-K filing: Marathon Digital Holdings, Inc. issued $650,000,000 principal amount of its 1.00% Convertible Senior Notes due 2026, with an option for the initial purchasers to purchase up to an additional $97,500,000 principal amount of Notes. |
100M | 0 |
| Nov 15, 2021 |
10-Q filing | 102.6M shares outstanding |
100M | 0 |
| Aug 13, 2021 |
10-Q filing | 99.6M shares outstanding |
100M | 0 |
| Mar 16, 2021 |
10-K filing | 8.5M shares outstanding |
8.5M | 5.3M |
| Jan 15, 2021 |
8-K filing: Marathon Patent Group, Inc. entered into a Securities Purchase Agreement to issue and sell 12,500,000 shares of its common stock at $20.00 per share in a registered direct offering, resulting in gross proceeds of $250,000,000 before deducting fees and expenses, with H.C. Wainwright & Co., LLC acting as placement agent. ($250.0M proceeds) |
64M | 0 |
| Dec 11, 2020 |
S-3 filing: Marathon Patent Group, Inc. is offering shares of its common stock having an aggregate offering price of up to $200,000,000 from time to time through H.C. Wainwright & Co., LLC acting as its sales agent pursuant to this prospectus supplement and the accompanying prospectus. |
64M | 0 |
| Nov 12, 2020 |
10-Q filing | 8.5M shares outstanding |
8.5M | 5.3M |
| Aug 14, 2020 |
10-Q filing | 8.5M shares outstanding |
8.5M | 5.3M |
| Aug 06, 2020 |
S-3 filing: Marathon Patent Group, Inc. is offering shares of its common stock having an aggregate offering price of up to $100,000,000 from time to time through H.C. Wainwright & Co., LLC acting as their sales agent pursuant to this prospectus supplement and the accompanying prospectus. |
30M | 0 |
| Jul 23, 2020 |
S-1/A filing: Marathon Patent Group, Inc. is offering 5,293,246 shares of common stock at an assumed offering price of $0.9446 per share, which was our closing price in the Nasdaq Capital Market on July 21, 2020. |
8.5M | 5.3M |
| May 14, 2020 |
10-Q filing | 8.5M shares outstanding |
8.5M | 0 |
| Mar 24, 2020 |
10-K filing | 6.4M shares outstanding |
6.4M | 0 |