▣About Horizon Kinetics Holding Corp

Horizon Kinetics Holding Corporation (HKHC) is an employee‑owned investment manager that traces its roots to the founding of Horizon Asset Management in 1994 and the later launch of Kinetics Asset Management; the firm consolidated its businesses over time and completed a reverse‑merger to become a publicly traded holding company in August 2024.

While best known for active, long‑term value investing, Horizon began exploring cryptocurrency and mining around 2016—starting experimentally with a single mining server and subsequently growing mining capacity through affiliated entities such as Consensus Mining & Seigniorage Corp., FRMO Corp., and Winland Electronics.

The firm’s leadership is anchored by co‑founder, Chairman, Chief Executive Officer and Chief Investment Officer Murray Stahl, alongside co‑founder Peter Doyle and co‑founder/President Steven Bregman; senior operational and governance roles include Alun Williams (COO), Jay Kesslen (General Counsel) and Russ Grimaldi (Chief Compliance Officer), supported by a long‑tenured investment team responsible for Horizon’s funds and strategic ventures.

Horizon positions itself at the intersection of traditional active asset management and hands‑on participation in the cryptocurrency ecosystem, combining multi‑decade investment experience with in‑house mining and related operating businesses.