Alliance Resource Partners, L.P.
BTC Holdings
541.4
Total P&L
+146.37%
Total profit/loss on Bitcoin holdings
Average Cost per BTC
$45,246
Average price paid for each Bitcoin
Share Price
$22.89
Current trading price per share
Market Cap
$3,000M
Total market capitalization
Enterprise Value
$3,000M
Market cap plus debt minus cash
NAV Multiple
48.71
Net Asset Value multiplier
BTC / Market Cap
2.1%
Bitcoin holdings as % of market cap
About Alliance Resource Partners, L.P.
Alliance Resource Partners, L.P., listed on Nasdaq with the ticker ARLP, is a diversified natural resource company headquartered in Tulsa, Oklahoma. Formed in 1999, it built on decades of coal industry experience to become a leading producer and marketer of thermal coal. Its business model emphasizes efficient operations and strategic investments, with core activities centered on mining, processing, and transporting coal to utilities and industrial customers across the United States, leveraging extensive reserves in key basins like the Illinois Basin and Appalachia.
The company incorporates Bitcoin into its treasury strategy, holding it as a reserve asset to diversify its financial portfolio and hedge against inflation, reflecting an adaptive approach to corporate finance. Beyond treasury management, Alliance Resource Partners pursues a broader digital asset strategy by utilizing its energy infrastructure for Bitcoin mining operations, converting excess power into digital asset production. This integration aligns with its resource management expertise, positioning the company at the intersection of traditional energy and emerging blockchain technologies.
Led by CEO Joseph W. Craft III, a veteran in the energy sector, Alliance Resource Partners maintains a strong industry presence as one of the largest coal producers in the eastern United States, with robust logistics networks and customer relationships. Its leadership drives a vision of sustainable evolution, blending coal operations with digital innovation. By embracing Bitcoin and energy-efficient mining, the company ensures long-term relevance in the shifting landscapes of energy and digital finance.
Recent Developments
- Jun 30, 2025: Bitcoin holdings increased by 28.90 BTC to 541.4 BTC with cost basis of $24.5M (BTC @ $108.4K), stock price $25.54
- Mar 31, 2025: Bitcoin holdings increased by 30.60 BTC to 512.5 BTC with cost basis of $21.6M (BTC @ $82.4K), stock price $26.66
- Dec 31, 2024: Bitcoin holdings increased by 481.90 BTC to 481.9 BTC with cost basis of $18.7M (BTC @ $93.6K), stock price $25.89
Alliance Resource Partners, L.P. — Bitcoin Holdings Over Time
1y - Present
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Alliance Resource Partners, L.P. — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History