Net Holding A.S.
BTC Holdings
352
Share Price
$50.05
Current trading price per share
Market Cap
$23,000M
Total market capitalization
Enterprise Value
$33,000M
Market cap plus debt minus cash
NAV Multiple
14.52
Net Asset Value multiplier
BTC / Market Cap
6.9%
Bitcoin holdings as % of market cap
About Net Holding A.S.
Net Holding A.S., listed on Borsa Istanbul with the ticker NTHOL.IS, is a diversified Turkish holding company headquartered in Istanbul. Established in 1974 by a group of tourist guides, it entered the casino management business in 1985 and expanded into integrated sectors. Its business model focuses on generating value through licensed gaming, hospitality, and real estate, emphasizing foreign currency revenue and asset-light expansions. Core operations include managing Merit-branded casinos and five-star hotels, particularly in Northern Cyprus where it commands significant market share, alongside real estate development and lottery opportunities.
The company integrates Bitcoin into its treasury strategy, holding it as a reserve asset to diversify its financial portfolio and adapt to innovative asset classes. This approach reflects a commitment to financial resilience amid regulatory shifts. Beyond treasury management, Net Holding pursues broader digital asset strategies, exploring blockchain applications to enhance gaming operations and support decentralized financial solutions, aligning with its forward-thinking ethos.
Led by CEO Hande Tibuk and Chairman Besim Tibuk, Net Holding maintains a prominent industry presence in tourism and gaming, with expansions into the Balkans and Eastern Europe. Its leadership drives sustainable growth and diversification. By blending traditional sectors with digital innovation, Net Holding positions itself for enduring relevance in the evolving global economy.
Recent Developments
- Dec 31, 2022: Bitcoin holdings increased by 349.20 BTC to 352 BTC (BTC @ $16.6K), stock price $15.05
- Sep 14, 2022: Bitcoin holdings decreased by 97.90 BTC to 2.8 BTC with cost basis of $79.8K (BTC @ $20.2K), stock price $13.24
- Dec 31, 2021: Bitcoin holdings increased by 100.70 BTC to 100.7 BTC (BTC @ $47.2K), stock price $6.56
Net Holding A.S. — Bitcoin Holdings Over Time
1y - Present
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Net Holding A.S. — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History