Sirwin
Sirwin

My Crypto Stock Portfolio (at Jan 8/21)

By Raymo | Raymo Investment Blog | 11 Jan 2021


What a stellar week it was, ending with an even more stellar Friday. Stock gains were there to be taken as the BTC price flirted with the $40,000 mark. My Crypto Stock portfolio had a good year and it's just the first week of 2021.

The bitcoin stock with the highest gains was HUT.wt with an eye-popping 2243% gain over the last 8 weeks and 80% on Friday alone. My ethereum stocks have doubled, which is not too shabby.

Now I have to brace myself for the eventual drop.

There were some changes made to the publicly-traded stocks with bitcoin treasuries list; a list I'm most interested in measuring my bitcoin stock performance against. There were a few smaller companies with smaller amounts of BTC showing up on the list (now 33 companies/entities); a few are trading on the Canadian Stock Exchange (CSX), where I usually trade so there are potential purchases for next week.

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

Ethereum Stocks

Ether Capital (ETHC): +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): +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)

ETHC has tripled in value despite it being on the NEO exchange while the 3iQ Ether Fund has doubled.

Enterprise

MicroStrategy (MSTR):  +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 has made over $1.6B (now almost $3B total) on its BTC holdings over the last 4 months.

Square (SQ): +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 $185M. but their stock price is only up 9.6%.

Mogo (MOGO.wt): +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. I see it eventually going on bitcointreasuries.org.

Bitcoin Miners

Bitfarms (BITF): +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): +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): +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): +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)

Amazing run for the miner group. Returns have been outrageous from 300% to 2243%, with the HUT.wts proving my earlier forecast correct. That leverage with the warrants have given me crypto-like returns. I believe there's still room to grow - just look at market cap for RIOT, then compare it to HIVE and HUT. Bought more HODL this week.

Crypto Trading Platform

Voyager Digital (VYGR): +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)

Best gains over the last 8 weeks.

No longer my highest gaining stock over the last 8 weeks but still an amazing 648% gain. This past week, I watched CEO Steve Erhlich on the Alex Mascioli show on Youtube and later 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.

BIGG Digital Assets (BIGG): +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)

Might buy more here. There was a financing for $10 million this week.

Bitcoin Funds

3iQ The Bitcoin Fund (QBTC): +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): +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) 

Surprised that GLXY hasn't moved more, even the 3iQ Bitcoin Fund is up 109%, despite having to deal with their premium.

Actual Bitcoin

BTC purchased off Coinbase: +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:

Another absolutely amazing week. Every stock in this portfolio is positive.

I have started to add to positions. therefore, some returns in the future will drop somewhat.

Also I have to brace for a crash but then I'm not really risking all that much. These were small positions initially that have grown a bit larger.

!

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Raymo
Raymo

Crypto/microcap/domain investor.


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