Sirwin
Sirwin

My Crypto Stock Portfolio (at Jan 15/21)

By Raymo | Raymo Investment Blog | 18 Jan 2021


This week my Crypto stock portfolio was like a SpaceX rocket coming back down to earth - controlled, nothing overly dramatic - with some Bitcoin and Ethereum stocks up a bit and some down a little.

The Crypto stocks higher this week were - MSTR, BITF, VYGR, MOGO.wt while noticeably lower was HUT.wt, dropping from 2243% to only 1660% return over the ten weeks since I started buying the list of publicly-traded stocks with bitcoin treasuries.

I have started to brace myself for a possible drop in the market so I have trimmed a little off my BITF position.

As I'm writing, there seems to be a theme being fleshed out in the market over the last few weeks. Now that the stock market is closed, here comes the weekend Paypal crypto buyers. I'm guessing that addicted traders still get to scratch their itch and expecting a wilder weekend in the crypto market. Seems like a separate universe but if bitcoin is up or down Sunday, then Monday the bitcoin stocks either fill the gap higher or lower. One thing to keep in mind is that Monday is the Martin Luther King holiday in the US. Will some stock trading in the bitcoin miners spill over to the Canadian stock exchanges?

So in the meantime, here are my returns for the last ten weeks based on the percentage gain/loss on the valuation tab on my discount brokerage summary page.

Ethereum Stocks

Ether Capital (ETHC): +238.2% (Jan 15/21) +277.0% (Jan 8/21) +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): +94.2% (Jan 15/21) +117.7% (Jan 8/21) +39.0% (Dec 31/20) +11.6% (Dec 24/20) +10.4% (Dec 18/20) -3.9% (Dec 11/20)

The Ethereum stocks fell a bit this week but ETHC has still tripled in value despite it being on the NEO exchange while the 3iQ Ether Fund has nearly doubled.

Enterprise

MicroStrategy (MSTR):  +234.3% (Jan 15/21) +207.4% (Jan 8/21) +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)

MSTR still making gains. Institutions are using MSTR as a BTC proxy. MSTR's BTC holdings are up 129% vs the stock 234%. Can I say it's better to hold the stock over the cryptocurrency?

Square (SQ): +3.4% (Jan 15/21) +9.6% (Jan 8/21) -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 more than tripled in value from $50M to $172M. but their stock price is only up 3.4%.  I'm waiting for the next $50M bump.

Mogo (MOGO.wt): +66.4% (Jan 15/21) +58.5% (Jan 8/21) -1.5% (Dec 31/20)

I bought these warrants the previous week; it's another warrant play, which I have done well with (see HUT.wt below). Mogo is a Canadian fintech company with a crypto division and a directive to allocate some cash to bitcoin. I see it eventually going on bitcointreasuries.org.

Bitcoin Miners

Bitfarms (BITF): +786.0% (Jan 15/21) +717.9% (Jan 8/21) +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): +1660.5% (Jan 15/21) +2243.6% (Jan 8/21) +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): +241.1% (Jan 15/21) +302.4% (Jan 8/21) +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): +45.0% (Jan 15/21) +76.3% (Jan 8/21) +19.8 %(Dec 31/20) +10.1% (Dec 24/20) +0.4% (Dec 18/20) -2.8% (Dec 11/20)

The miner group dropped a little from the previous week but returns have been very good, ranging from 300% to 1660%. I believe there's still room to grow - just look at market cap for RIOT ($1.7B usd), then compare it to HIVE ($985M cad) and HUT $691M cad). (Of course, subject to hash rates and electricity costs, etc)

I trimmed the BITF position a bit. HUT.wt dropped from 2243% to 1660% - still way up. Small base, will ride it up. Waiting to see if any warrants are listed from the recent financings on some of the miners.

Crypto Trading Platform

Voyager Digital (VYGR): +874.6% (Jan 15/21) +648.6% (Jan 8/21) +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)

No longer my highest gaining stock over the last ten weeks but still an amazing 874.6% gain. Last week, I watched CEO Steve Erhlich on the Alex Mascioli show on Youtube and attended the online SNN conference with the CEO giving the presentation. I heard some good news as Voyager has applied for a license in Canada so Canadians like myself will be allowed to trade on the Voyager app, likely in the first quarter. For myself, if 2020 was about accumulating and holding crypto, then 2021 will be about trading.

Meanwhile, their VGX token has been skyrocketing, making number 83 and climbing on the top 100 coins/tokens on coingecko.com. In less than a week, it went from 29 cents to over $1. Lucky my VYGR has kept up and then some.

I still maintain that if BTC goes down in price, VYGR should be sheltered somewhat as they make money on the spread.

BIGG Digital Assets (BIGG): +32.0% (Jan 15/21) +53.1% (Jan 8/21) +32.0% (Dec 31/20) +24.1% (Dec 24/20) +21.4% (Dec 18/20) -12.9% (Dec 11/20)

Still haven't bought more. There was a financing for $10 million last week - waiting to see if any warrants get listed.

Bitcoin Funds

3iQ The Bitcoin Fund (QBTC): +80.2% (Jan 15/21) +109.9% (Jan 8/21) +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): +29.9% (Jan 15/21) +37.6% (Jan 8/21) +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) 

Both the 3iQ Bitcoin Fund and GLXY fell back a little. Nothing to worry about.

Actual Bitcoin

BTC purchased off Coinbase: +159.1% (Jan 15/21) +177.5% (Jan 8/21) +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:

A reasonably solid week where the portfolio saw some gains and some fall back. Still overall, my bitcoin stocks are very much positive.

I have started to trim some positions. add cash to positions where I hold smaller positions.

How do you rate this article?

4


Raymo
Raymo

Crypto/microcap/domain investor.


Raymo Investment Blog
Raymo Investment Blog

About my blog - my take on microcap, crypto, angel and domain name investing.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.