Horizon Kinetics bitcoin holdings
Publishes research arguing that issuing shares and debt to buy bitcoin is not a viable business, while holding 131 coins itself.
Key figures
- Bitcoin held
- 131 BTC
- As of
- 2026-08-13
- Rank
- 100 of 165
- Value at current price
- $8.3M
- Share of 21 million
- <0.01%
- Average cost
- $12,992 per BTC
Holdings over time
Cumulative bitcoin held after each disclosed event. The line steps rather than slopes because treasury positions change on purchase dates, not continuously.
We have one dated figure for Horizon Kinetics so far, shown in the table below, and the table says where it came from. A chart needs at least two dated points, and we would rather show nothing than draw a trend through a single figure. This fills in as the company publishes, or as we backfill its earlier announcements.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2026-08-13 | Tracked | 131 | Tracker sync |
About Horizon Kinetics
Horizon Kinetics is an asset manager with a long standing interest in scarce assets, and it writes about this sector more rigorously than almost anyone inside it. Its Cryptocurrency By The Numbers research lays out the premise plainly: share and debt issuance to fund a bitcoin purchase strategy is not a viable long term business plan, a conclusion reached while counting at least a hundred US listed companies holding bitcoin and more than a million coins between them.
Its own position, around 131 coins, is consistent with that view rather than contradicting it. The firm holds bitcoin as an investment on its own balance sheet; it has not issued equity or convertibles to buy more, which is exactly the behaviour its research criticises in others.
For anyone reading this table to work out which strategies survive a drawdown, the distinction Horizon Kinetics draws is the one that matters most, and the firm is unusual for being on the right side of its own analysis.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.