Horizon Kinetics Holding Corp

πŸ‡ΊπŸ‡ΈUnited States
HKHC
Website@HorizonKinetics

BTC Holdings

131

Total P&L
+796.4%

Total profit/loss on Bitcoin holdings

Average Cost per BTC
$12,992

Average price paid for each Bitcoin

Share Price
$39.25

Current trading price per share

Market Cap
$731M

Total market capitalization

Enterprise Value
$2,000M

Market cap plus debt minus cash

NAV Multiple
47.942

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 β€” Bitcoin Holdings Over Time
1y - Present
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Horizon Kinetics Holding Corp 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
Mar 31, 2025
β‚Ώ131
1.2
$1.7M$82,381$35
Dec 31, 2023
β‚Ώ129.8
129.8
$1.6M$42,509$372