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Horizon Kinetics Holding Corp

HKHC

Market valuation vs the Bitcoin it holds

61.80×
Premium
a 6080% premium to Bitcoin NAV

Horizon Kinetics Holding Corp trades at 61.80× its Bitcoin NAV — you pay $61.80 for every $1 of Bitcoin it holds, a 8.44M USD pile.

Live · last updated

BTC held
132 BTC
Bitcoin treasury
Bitcoin NAV
8.44M USD
at today's BTC price
Market cap
521.8M USD
Fully diluted
Share price
28 USD
USD
Last BTC buy
1 BTC
Mar 31, 2026

mNAV over time

Full history · diluted

Today's 61.80× sits in a 52-week range of 35.70× to 73.54×.

mNAV · 52-week range
35.70×–73.54×
35.70×now 61.80×73.54×

About Horizon Kinetics Holding Corp

Horizon Kinetics Holding Corp (HKHC) owns 132 BTC. At today's price that Bitcoin is worth 8.44M USD. The market caps the whole company at 521.8M USD 61.80× its Bitcoin. Put plainly: you pay $61.80 for every $1 of Bitcoin it holds, a 6080% premium for everything that isn't the Bitcoin. It bought in at an average of 42.9K USD per coin.

Horizon Kinetics Holding Corp (HKHC) mNAV — frequently asked

What is Horizon Kinetics Holding Corp (HKHC)'s mNAV?
Horizon Kinetics Holding Corp's mNAV is currently 61.80×. mNAV divides HKHC's market capitalisation by the value of the Bitcoin it holds, so 61.80× means the market values the company at 61.80× the worth of its Bitcoin treasury (8.44M USD).
Is Horizon Kinetics Holding Corp (HKHC) overvalued versus its Bitcoin?
At 61.80×, Horizon Kinetics Holding Corp (HKHC) trades at a 6080% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 35.70×–73.54×.
How much Bitcoin does Horizon Kinetics Holding Corp (HKHC) hold?
Horizon Kinetics Holding Corp holds 132 BTC, worth 8.44M USD at current prices. Its most recent purchase was 1 BTC on Mar 31, 2026.

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