Alliance Resource Partners, L.P. (ARLP) — Market Cap vs Bitcoin NAV
Alliance Resource Partners, L.P. (ARLP) currently trades at a market cap vs Bitcoin NAV ratio of 79.04x, which means the market values the company at 7804.1% premium to the underlying Bitcoin-innehav. With 618 Bitcoin on its balance sheet worth $38,756,829 at the live spot price, and a market capitalisation of $3,063,394,600, ARLP holds rank #14 of 70 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How ARLP's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for Alliance Resource Partners, L.P. is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin-innehav and the live Bitcoin spot price. For ARLP today the inputs are a market cap of $3,063,394,600, 618 BTC, and a Bitcoin spot price of 62,713. The resulting ratio of 79.04x quantifies how much premium (or premium, when above 1.0x) the equity market is assigning to ARLP beyond the value of the underlying Bitcoin treasury. A ratio above 1.0x means the company is trading at a premium to the value of its Bitcoin stash; below 1.0x means a discount. The number does not account for operating businesses, capital structure, debt, preferred shares, or other liabilities that sit between common shareholders and the underlying Bitcoin.
What 79.04x Means for Alliance Resource Partners, L.P. Shareholders
Alliance Resource Partners, L.P.'s ratio of 79.04x places the stock at a 7804.1% premium to its Bitcoin NAV. When investors pay a premium for a Bitcoin treasury equity, the additional value typically reflects the company's operating business, ability to issue new shares accretively, exposure to future Bitcoin acquisition, or simply the convenience of holding Bitcoin exposure inside a regulated equity wrapper. Premiums can compress quickly if dilution accelerates or if the underlying Bitcoin acquisition slows. The ratio is one input among several; capital structure, debt obligations, share class differences, and operating cash flow all influence what shareholders actually receive per share of ARLP.
ARLP vs Other Bitcoin Treasury Companies
How ARLP compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's live tracker:
| # | TICKER | BOLAG | HUVUDKONTOR | KVOT |
|---|---|---|---|---|
| 12 | HIVE | HIVE Digital Technologies | 🇨🇦 | 92.11x |
| 13 | CIFR | Cipher Mining | 🇺🇸 | 87.14x |
| 14 | ARLP | Alliance Resource Partners, L.P. | 🇺🇸 | 79.04x |
| 15 | XYZ | Block, Inc. | 🇺🇸 | 74.48x |
| 16 | HKHC | Horizon Kinetics Holding Corp | 🇺🇸 | 71.60x |
See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.
Vanliga fragor
What is Alliance Resource Partners, L.P. (ARLP)'s market cap vs Bitcoin NAV ratio?
Alliance Resource Partners, L.P. trades at a market cap vs Bitcoin NAV ratio of 79.04x, calculated as its market capitalisation of $3,063,394,600 divided by the value of its 618 BTC holdings ($38,756,829 at the current Bitcoin spot price). This represents a 7804.1% premium to the underlying Bitcoin NAV.
Why is ARLP trading at a premium to its Bitcoin NAV?
premium values reflect the market's view of Alliance Resource Partners, L.P. beyond its Bitcoin-innehav alone. A premium typically indicates investors are paying extra for the company's operating business, capital structure access, optionality on future Bitcoin accumulation, or the convenience of equity exposure to BTC.
How often is ARLP's market cap vs Bitcoin NAV updated on HodlingBTC?
The ratio for ARLP refreshes every five minutes during European and US market hours. Bitcoin spot price is sourced from Coinbase live, market capitalisation is recalculated from the latest available share count multiplied by the current stock price, and BTC holdings are taken from the most recent disclosed figure in Alliance Resource Partners, L.P.'s SEC or primary-source filings.