Horizon Kinetics Holding Corp
BTC Holdings
131
Total P&L
+754.24%
Total profit/loss on Bitcoin holdings
Average Cost per BTC
$12,992
Average price paid for each Bitcoin
Share Price
$38
Current trading price per share
Market Cap
$708M
Total market capitalization
Enterprise Value
$2,000M
Market cap plus debt minus cash
NAV Multiple
48.706
Net Asset Value multiplier
BTC / Market Cap
2.1%
Bitcoin holdings as % of market cap
About Horizon Kinetics Holding Corp
Horizon Kinetics Holding Corporation, listed with the ticker HKHC, is an investment holding company headquartered in White Plains, New York. Formed through the consolidation of Horizon Asset Management established in 1994 and Kinetics Asset Management in 1996, it focuses on value-based investing strategies. Its core operations include providing investment advisory services via Horizon Kinetics Asset Management LLC, managing long-only and alternative funds, and overseeing a diversified portfolio that spans equities and consumer products following a recent merger.
The company integrates Bitcoin exposure into its treasury strategy through investment vehicles like Bitcoin trusts, aligning with its contrarian approach to undervalued assets for portfolio diversification. This reflects a belief in Bitcoin's potential as a long-term store of value within corporate finance. Beyond treasury management, Horizon Kinetics pursues a broader digital asset strategy by offering blockchain-focused exchange-traded funds and conducting proprietary research on emerging technologies to inform alternative investments.
Led by co-founders Murray Stahl and Steven Bregman, renowned for independent research in value investing, Horizon Kinetics maintains a strong industry presence as a pioneer in alternative asset management. Its leadership emphasizes disciplined, long-term strategies amid market volatility. By incorporating digital assets into its framework, Horizon Kinetics positions itself for sustained relevance in the intersection of traditional finance and blockchain innovation.
Recent Developments
- Mar 31, 2025: Bitcoin holdings increased by 1.20 BTC to 131 BTC with cost basis of $1.7M (BTC @ $82.4K), stock price $35.00
- Dec 31, 2023: Bitcoin holdings increased by 129.80 BTC to 129.8 BTC with cost basis of $1.6M (BTC @ $42.5K), stock price $372.00
Horizon Kinetics Holding Corp — Bitcoin Holdings Over Time
1y - Present
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Horizon Kinetics Holding Corp — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History