#43 BTC Company🇺🇸United States

Alliance Resource Partners

Alliance Resource Partners is a coal producer and mineral royalty partnership that mines BTC through its subsidiary Bitiki and holds it on its balance sheet.

MinerCoal MiningNasdaq:ARLP
BTC holdings
673

$49.5M · as of Sep 30, 2026 · price as of Nov 11, 2026

Cost Basis
—

NgU — · as of Sep 30, 2026

Average cost / BTC
—
Change since start of year
+80.99 BTC

+13.7%

Market Cap
$3.23B
Enterprise Value
$3.71B
mNAV
—
Holdings per Share (BTC)
—

Balance sheet values as of Jun 30, 2026, basic shares as of Aug 6, 2026: 10-Q · Aug 6, 2026

Asset holdings

Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.

AssetHoldingsCost BasisAs ofSources
BTC673Not reportedSep 30, 2026

HoldingsBTC vs USD value

673 BTC

$49.66M USD value · as of 2026-11-10

  • BTC Holdings (left)
  • USD Value (right)

BTC Reserve

673 BTC

Average Cost $52,565 / BTC

  • Holdings
  • Average Cost
  • Purchase (size = amount)
  • Sale (size = amount)

BTC historical holdings

DateChangeHoldingsCumulative costAverage CostSources
Sep 30, 2026+27.04+4.19%673——
Jun 30, 2026+27.7+4.48%645.96$33.96M$52,565
Mar 31, 2026+26.25+4.43%618.26$31.94M$51,664
Dec 31, 2025+24.11+4.25%592.01$29.94M$50,568
Sep 30, 2025+26.51+4.9%567.9$27.54M$48,489
Jun 30, 2025+28.84+5.63%541.39$24.5M$45,246
Mar 31, 2025+30.66+6.36%512.55$21.65M$42,230
Dec 31, 2024+24.65+5.39%481.89$18.75M$38,905
Sep 30, 2024+5.19+1.15%457.24$16.33M$35,708
Jun 30, 2024+26.95+6.34%452.05$15.07M$33,339
Mar 31, 2024—425.1$12.77M$30,038

Advanced metrics

DateBTC holdings Shares outstanding Stock price Market Cap Financials
BalanceCost BasisValueBasicDilutedBasicDilutedCashDebt
Sep 30, 2026673—$56.28M128.7M—$24.29$3.13B—$111.19M$589.98M
Jun 30, 2026645.96$33.96M$37.87M128.7M—$23.98$3.09B—$111.19M$589.98M
Mar 31, 2026618.26$31.94M$42.22M——$27.65————
Dec 31, 2025592.01$29.94M$51.89M——$23.23————
Sep 30, 2025567.9$27.54M$64.77M——$25.29————
Jun 30, 2025541.39$24.5M$58.01M——$26.14————
Mar 31, 2025512.55$21.65M$42.31M——$27.28————
Dec 31, 2024481.89$18.75M$45.09M——$26.29————
Sep 30, 2024457.24$16.33M$28.96M——$25.00————
Jun 30, 2024452.05$15.07M$28.38M——$24.46————
Mar 31, 2024425.1$12.77M$30.3M——$20.05————

— means no value was disclosed or derivable for that date. Muted values are carried forward from an earlier disclosure.Stock prices are daily closes in USD at today's exchange rate.

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  11. #43Alliance Resource Partners673 BTC
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