So three weeks later, slowly but surely, I'm starting to get better data from my attempt to buy most of the publicly-traded stocks with bitcoin treasuries. During the week, I added 2 more crypto stocks - HIVE Blockchain Technologies (HIVE.to) and Ether Capital (ETHC.ne). HIVE mines BTC and ETH while ETHC invests in ETH and entities within the Ethereum ecosystem. (Due to the last two purchases, I had to change my title from bitcoin stocks to crypto stocks.)
Here are my returns for the last three weeks based on the valuation tab on my discount brokerage summary page.
MicroStrategy (MSTR): +56.9% (Nov 27/20) +28.4% (Nov 20/20) +11.2% (Nov 13/20)
(Note- MSTR's BTC holdings is up 62.8% while the stock is up 56.9%.)
Bitfarms (BITF): +49.1% (Nov 27/20) +42.9% (Nov 20/20) +22.12% (Nov 13/20)
Voyager Digital (VYGR): +99.0% (Nov 27/20) +40.0% (Nov 20/20) +45.1% (Nov 13/20)
3iQ The Bitcoin Fund (QBTC): -15.0% (Nov 27/20) -5.1% (Nov 20/20) -11.1% (Nov 13/20)
Hut 8 Mining (HUT.wt): -4.1% (Nov 27/20) -6.0% (Nov 20/20) -32.3% (Nov 13/20)
Galaxy Digital (GLXY) -10.8% (Nov 27/20) -6.6% (Nov 20/20)
Hive Blockchain (HIVE): +16.0% (Nov 27/20)
Ether Capital (ETHC): -17.0% (Nov 27/20)
BTC purchased off Coinbase: +49.3% (Nov 27/20)+59.7% (Nov 20/20) +39% (Nov 13/20) (using bitcoindollarcostaverage.com)
Conclusion:
MSTR has moved up every week. the last 3 weeks. CEO/GigaChad Michael Saylor has been all over the internet, lately on CNBC. Also maintaining the three-week winning streak were BITF and in a roundabout way - HUT.wt , which went from a huge negative return to a lesser negative rate.
I've made 99% on VYGR, which makes sense since they have an exchange platform, so whether crypto goes up or down, higher volumes mean more trading dollars made on the exchange.
Re my new purchases, one is up (HIVE) and one down (ETHC). Other than BITF, all were single smaller purchases, the better to see fluctuations on the original amount. However, I will soon be adding to positions, which will affect the rate of return.
Yes, I have yet to buy Square.
