Abstract: An adjustable refrigeratable holder for insulating and chilling a beverage container. More particularly a beverage container holder which circumferentially encloses the beverage container and including a plurality of individually disposed freezable masses consecutively positioned along an exterior layer of insulative material. The freezable masses forming an inner diameter for receiving the exterior walls of a beverage container. When frozen, the freezable masses will absorb heat from the beverage and container and thus cause the beverage to remain chilled for an extended period of time or, when the beverage is warmer than the freezable masses, become chilled. A rectangular strip of insulative material helps to secure the freezable masses and also forms an insulative barrier along the top and bottom of the beverage container between the ambient temperatures and both the freezable masses and the main body of the beverage container.