Not bad for an eight week run. Other than one stock (BITF), I have been buying these Crypto stocks for eight weeks now so, in that context, the results have been spectacular. In that time, I have seen MicroStrategy's bitcoin 'strategy' (pun intended) build up to a $2B value. Absolutely mesmerizing performance. Loved their plan to borrow off a debasing currency to buy into something that is appreciating in value-BTC.
It was yet another short week of huge early gains tempered by a sell-off at the end of the week. My Crypto Stock portfolio still managed to eke out good gains for the week.
There were only slight changes made to the publicly-traded stocks with bitcoin treasuries list; a list I'm most interested in measuring my crypto stock performance against.
Now, a Hong Kong public company listed on Nasdaq - Greenpro Capital - appears to be working the MicroStrategy plan of borrowing fiat to purchase crypto and they should be added to the list soon. Last week Canadian fintech Mogo announced said they will but have yet to show up on this list of 29 (so far). But it is ironic that for a decentralized cryptocurrency, the amount of BTC held by centralized organizations is burgeoning.
In the meantime, here are my returns for the last seven weeks based on the percentage gain/loss on the valuation tab on my discount brokerage summary page.
Ethereum Stocks
Ether Capital (ETHC): +197.6% (Dec 31/20) +57.8% (Dec 24/20) +68.7% (Dec 18/20) +38.9% (Dec 11/20) +38.0% (Dec 4/20) -17.0% (Nov 27/20)
3iQ The Ether Fund (QETH): +39.0% (Dec 31/20) +11.6% (Dec 24/20) +10.4% (Dec 18/20) -3.9% (Dec 11/20)
(Note - Ready for larger gains to be made in the ethereum stocks, of which there are not many.)
Enterprise
MicroStrategy (MSTR): +124.7% (Dec 31/20) +86.5% (Dec 24/20) +74.2% (Dec 18/20) +65.3 (Dec 11/20)+89.7% (Dec 4/20) +56.9% (Nov 27/20) +28.4% (Nov 20/20) +11.2% (Nov 13/20)
(Note- MSTR's BTC holding is up 87.0% (now over $2B.) while the stock has more than doubled at 124.7% over the last eight weeks.)
Square (SQ): -1.2% (Dec 31/20) +3.6% (Dec 24/20) +6.9% (Dec 18/20) -1.7% (Dec 11/20)
(Square's BTC stash has almost tripled in value from $50M to $140M. but their stock price has dropped -1.2%.)
Bitcoin Miners
Bitfarms (BITF): +415.6% (Dec 31/20) +334.8% (Dec 24/20)+175.4% (Dec 18/20) +32.5% (Dec 11/20) +49.1% (Dec 4/20) +49.1% (Nov 27/20) +42.9% (Nov 20/20) +22.12% (Nov 13/20)
Hut 8 Mining (HUT.wt): +524.5% (Dec 31/20) +411.6% (Dec 24/20) +249.8% (Dec 18/20) +39.2% (Dec 11/20) +50.5% (Dec 4/20) -4.1% (Nov 27/20) -6.0% (Nov 20/20) -32.3% (Nov 13/20)
Hive Blockchain (HIVE): +187.1% (Dec 31/20) +154.7% (Dec 24/20) +201.5% (Dec 18/20) +55.0% (Dec 11/20) +49.0% (Dec 4/20) +16.0% (Nov 27/20)
Cypherpunk Holdings (HODL): +19.8 %(Dec 31/20) +10.1% (Dec 24/20) +0.4% (Dec 18/20) -2.8% (Dec 11/20)
(Note - Amazing run for the miner group. The only question is do I buy RIOT?)
Crypto Trading Platform
Voyager Digital (VYGR): +534.4% (Dec 31/20) +441.9% (Dec 24/20) +366.1% (Dec 18/20) +181.2% (Dec 11/20) +129.9% (Dec 4/20) +99.0% (Nov 27/20) +40.0% (Nov 20/20) +45.1% (Nov 13/20)
Best gains over the last 8 weeks.
BIGG Digital Assets (BIGG): +32.0% (Dec 31/20) +24.1% (Dec 24/20) +21.4% (Dec 18/20) -12.9% (Dec 11/20)
Might buy more here.
Bitcoin Funds
3iQ The Bitcoin Fund (QBTC): +54.5% (Dec 31/20) +24.7% (Dec 24/20) +21.7% (Dec 18/20) -16.8% (Dec 11/20) -10.1% (Dec 4/20) -15.0% (Nov 27/20) -5.1% (Nov 20/20) -11.1% (Nov 13/20)
Galaxy Digital (GLXY): +34.5% (Dec 31/20) +15.3% (Dec 24/20) +20.0% (Dec 18/20) -10.5% (Dec 11/20) -9.9% (Dec 4/20) -10.8% (Nov 27/20) -6.6% (Nov 20/20)
Actual Bitcoin
BTC purchased off Coinbase: +114.1% (Dec 31/20) +79.7% (Dec 24/20) +76.0% (Dec 18/20) +44.8% (Dec 11/20) +52.7% (Dec 4/20) +49.3% (Nov 27/20) +59.7% (Nov 20/20) +39% (Nov 13/20) (using bitcoindollarcostaverage.com)
Conclusion:
Another amazing week. Every stock in this portfolio is positive except for SQ.
So far, I've made 534.4% on VYGR, which is making more sense each week since they have an brokerage platform, so whether crypto goes up or down, higher volumes mean more trading dollars made on the platform. Do I sell? Not now. Their market cap is only $566M CAD vs Robinhood ($11B USD) and eTrade ($12.3B USD). Note VYGR CEO Steven Erhlich was a former top executive at eTrade.
I have started to add to positions. therefore, returns in the future will drop somewhat.
Here's to a super 2021!
