A storage container for housing drill bits includes a front housing portion and a rear housing portion pivotally connected through a hinge for moving between open and closed positions. The front housing portion and the rear housing portion define a body cavity therebetween in the closed position. A plurality of sleeves are pivotally and independently connected to the hinge and arranged to fit within the body cavity in the closed position. The plurality of sleeves each include a plurality of bore portions formed thereon for accepting the drill bits. The plurality of sleeves further include hinge arms for cooperating with the hinge.