In my attempt to buy most of the publicly-traded stocks with bitcoin treasuries. I would say I had a good week. In the previous week, I had added one bitcoin-related stock - HIVE Blockchain Technologies (T.HIVE) - from the list and one ethereum-related stock - Ether Capital (NE.ETHC). This week, I did not add any new crypto-related stocks but I'm watching closely.

Here are my returns for the last four weeks based on the percentage gain/loss on the valuation tab on my discount brokerage summary page.

Enterprise

MicroStrategy (MSTR):  +89.7% (Dec 4/20) +56.9% (Nov 27/20) +28.4%  (Nov 20/20)  +11.2% (Nov 13/20)

(Note- MSTR's BTC holdings is up 68.9% while the stock is up 89.7%; also, this was before news that MSTR bought another $50M BTC.)

Bitcoin Miners

Bitfarms (BITF): +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): +50.5% (Dec 4/20) -4.1% (Nov 27/20) -6.0% (Nov 20/20) -32.3% (Nov 13/20)

Hive Blockchain (HIVE): +49.0% (Dec 4/20) +16.0% (Nov 27/20)

Crypto Trading Platform

Voyager Digital (VYGR): +129.9% (Dec 4/20) +99.0% (Nov 27/20) +40.0% (Nov 20/20) +45.1% (Nov 13/20)

Bitcoin Funds

3iQ The Bitcoin Fund (QBTC): -10.1% (Dec 4/20) -15.0% (Nov 27/20) -5.1% (Nov 20/20) -11.1% (Nov 13/20)

Galaxy Digital (GLXY)  -9.9% (Dec 4/20) -10.8% (Nov 27/20) -6.6% (Nov 20/20) 

Actual Bitcoin

BTC purchased off Coinbase:  +52.7% (Dec 4/20) +49.3% (Nov 27/20)+59.7% (Nov 20/20) +39% (Nov 13/20) (using bitcoindollarcostaverage.com)

Ethereum Stocks

Ether Capital (ETHC): +38.0% (Dec 4/20) -17.0% (Nov 27/20)

Conclusion:

As BTC moved up sharply earlier in the week, my bitcoin-related stocks also moved up likewise. Funny that MSTR stock had higher rate of return than the bitcoin in their treasury. MSTR made some nice gains this past week as did virtually all the other stocks except for the Bitcoin funds like QBTC and GLXY, which is a bit of a surprise. Like MSTR CEO Michael Saylor, GLXY CEO Mike Novogratz is always in the news yet, unlike MSTR, the returns have been mediocre. I think there are other factors which relate to the operation of the company that's driving down the stock. They made gains but the returns are still negative for me.

The bitcoin miners made some good gains. As a group, they are up around 49-50%. Note the higher leverage in HUT.wt. They have swung from a loss of -32.3% to 50.5% in four weeks. On Wednesday, it nearly doubled with a 97% gain.

Big moves were also seen in VYGR, which has now gained 129.9% since I bought it a month ago.  It makes sense since they have an exchange platform, so whether crypto goes up or down, higher volumes mean more trading dollars made on the platform. 

So far, ETHC appears to be a decent pick as it swung from -17% to +4.6% over the last two weeks. Word is that 3iQ is coming out with an Ethereum ETF soon. They have a ticker already - QETH.u on the Toronto Stock Exchange.