Last week, I added two more Bitcoin-related stocks (actually units and warrants) to my portfolio. I bought a small position in the Bitcoin Fund (T.QBTC) and some Hut 8 Mining warrants (T.HUT.wt). Both entities trade on the Toronto exchange and are on the list of public companies holding bitcoin at bitcointreasuries.org.  So basically, what I've been doing is going down the list and then buying the lot of them. So far I have purchased MSTR, HUT.wt, VYGR and QBTC off the list.

The Bitcoin Fund (class A) is a closed-end fund incorporated in Canada. The Fund as set up by 3iQ invests in long-term holdings of bitcoin to provide investors with a convenient alternative to a direct investment in bitcoin. 

Hut 8 Mining Corp is a crypto-mining company with industrial scale bitcoin mining operations in Canada. It provides investors with direct exposure to bitcoin, without the constraints of purchasing the underlying cryptocurrency.  The company is in the business of utilizing specialized mining rigs to solve complex computational problems to validate transactions on the bitcoin blockchain. Like Bitfarms, it receives bitcoin in return from the commercial activity of bitcoin mining. 

Here are my returns (based on the valuation tab on my discount brokerage summary) in a percentage format with commentary -

MicroStrategy (MSTR): +11.2% (I only bought one share so it's easy to check ROI.)

Bitfarms (BITF): +22.12% (Apparently BITF, which is involved in bitcoin mining sells what they mine within days of mining it. Consequently, they don't have much bitcoin in their treasury. Their advantage is that they have cheap access to hydro in Quebec and have purchased or leased the latest mining rigs.)

Voyager Digital (VYGR): +45.1%  (The Robinhood of crypto can only rise with increased usage of their platform. I feel it's my best chance at out-sized returns. It was on my waitlist and I was able to observed its near term highs and lows and I bought in at a relative low.)

3iQ The Bitcoin Fund (QBTC): -11.1% (PRO-I can purchase this ETF-like fund in Canada; I will buy the units in multiple tranches and hodl. CON-they trade at a premium over BTC price plus 2% fee. )

Hut8 Mining (HUT.wt): -32.3% (PRO-warrants can really juice your returns but they are illiquid, Luck is on my side as I have had 1000% returns on 2 other warrants already; CON-bitcoin miner but how fast are their mining rigs compared to the competition?)

BTC purchased off Coinbase: +39% (using calculations via bitcoindollarcostaverage.com)

There are a few other stocks on the list that I have my eyes on and that may form the basis of a future post.