Alliance Resource Partners, L.P.

πŸ‡ΊπŸ‡ΈUnited States
ARLP
Website

BTC Holdings

510.9

Total P&L
+258.62%

Total profit/loss on Bitcoin holdings

Average Cost per BTC
$32,492

Average price paid for each Bitcoin

Share Price
$25.65

Current trading price per share

Market Cap
$3,000M

Total market capitalization

Enterprise Value
$4,000M

Market cap plus debt minus cash

NAV Multiple
55.336

Net Asset Value multiplier

BTC / Market Cap
1.8%

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 29.00 BTC to 510.9 BTC with cost basis of $16.6M (BTC @ $108.4K), stock price $25.54
  • Dec 31, 2024: Bitcoin holdings increased by 481.90 BTC to 481.9 BTC (BTC @ $93.6K), stock price $25.89
Alliance Resource Partners, L.P. β€” Bitcoin Holdings Over Time
1y - Present
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Alliance Resource Partners, L.P. β€” Stock vs BTC Dynamics
1y - Present
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Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Jun 30, 2025
β‚Ώ510.9
29
$16.6M$108,390$25.54
Dec 31, 2024
β‚Ώ481.9
481.9
β€”$93,595$25.89