A decidedly bad week for my portfolio as only one altcoin stock had a positive week, that being Intellabridge Technologies (INTL), which has now returned 147% since I bought it in March 2021. I did sell half my position in INTL, so now I'm holding free shares in my account. Other than that, I left the portfolio alone.
So far, the stars of the portfolio are the two stocks purchased in late 2020 - Ether Capital (ETHC) and 3iQ Ether Fund (QETH), which have gone up over 202% and 199%, respectively; the lesson here being - get in early.
The big loser has been Graph Blockchain (GBLC), which has plummeted 70%.
Below are the rate of returns of my portfolio based on my brokerage summary at the end of each week.
Ethereum Stocks
Ether Capital (ETHC):+202.1% (Jun 18/21) +207.6% (Jun 11/21) +257.2% (Jun 4/21) +222.0% (May 28/21) +222.9% (May 21/21) +360.0% (May 14/21) +338.3% (May 7/21) +241.8% (Apr 30/21) +230.1% (Apr 23/21) +244.5% (Apr 16/21) +198.5% (Apr 9/21) +169.7% (Apr 1/21) +154.3% (Mar 26/21) +159.8% (Mar 19/21) +180.5% (Mar 12/21) +195.8% (Mar 5/21) +193.1% (Feb 26/21) +225.6% (Feb 19/21) +231.9% (Feb 12/21) +249.0% (Feb 5/21) +170.6% (Jan 29/21) +233.7% (Jan 22/21) +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)
After reading their management information circular, I saw that they have some heavy hitters on their board of directors - a couple of them being Som Seif of Purpose Investments and Joey Krug of Pantera Capital.
After further digging, I found that Ether Capital holds 43,512 ETH. At $2516.80 CAD/ETH (per blockchain.info app), the company's ETH holdings is being valued at $109.51 M while their market cap for the stock is $108.42 M (per Yahoo Finance), making the stock slightly underpriced.
DeFi Technologies (DEFI.neo): +11.3% (Jun 18/21) +23.2% (Jun 11/21) +5.8% (Jun 4/21) -0.7% (May 28/21) +9.4% (May 21/21) +11.3% (May 14/21) +17.7% (May 7/21) +23.2% (Apr 30/21) +25.1% (Apr 23/21) +22.3% (Apr 16/21) +60.9% (Apr 9/21) +65.5% (Apr 1/21) +72.9% (Mar 26/21) +74.7% (Mar 19/21) +99.5% (Mar 12/21) +130.8% (Mar 5/21) +137.2% (Feb 26/21) +175.9% (Feb 19/21) +49.0% (Feb 12/21) -9.9% (Feb 5/21)
I will only add more if the stock turns negative for me.
Ethereum Closed-end fund
3iQ The Ether Fund (QETH):+199.3% (Jun 18/21) +231.6% (Jun 11/21) +280.8% (Jun 4/21) +247.4% (May 28/21) +213.2% (May 21/21) +439.8% (May 14/21) +384.9% (May 7/21) +276.6% (Apr 0/21) +230.7% (Apr 3/21) +269.8% (Apr 16/21) +218.5% (Apr 9/21) +207.8% (Apr 1/21) +165.6% (Mar 26/21) +181.7% (Mar 19/21) +167.0% (Mar 12/21) +129.2% (Mar 5/21) +118.7% (Feb 26/21) +190.5% (Feb 19/21) +230.0% (Feb 12/21) +234.9% (Feb 5/21) +139.2% (Jan 29/21) +119.5% (Jan 22/21) +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)
I have decided for now to leave QETH alone and let it grow, although I wonder if 3iQ will transfer this closed-end fund over to their new 3iQ Ether ETF.
Ethereum ETF
Evolve Ether ETF (ETHR):-9.4% (Jun 18/21) -1.5% (Jun 11/21) +9.8% (Jun 4/21) +2.5% (May 28/21) -3.8% (May 21/21) +65.4% (May 14/21) +44.1% (May 7/21) +15.9% (Apr 30/21) -0.3% (Apr 23/21)
If it drops a little more, I'll be looking to add to my position.
Other Altcoin Stocks
Graph Blockchain (GBLC):-69.7% (Jun 18/21) -59.6% (Jun 11/21) -54.5% (Jun 4/21) -52.0% (May 28/21) -49.5% (May 21/21) -47.0% (May 14/21) -36.8% (May 7/21) -34.3% (Apr 30/21) -15.9% (Apr 23/21) -14.1% (Apr 16/21) -26.7% (Apr 9/21) -34.3% (Apr 1/21) -39.4% (Mar 26/21) -40.0% (Mar 19/21)
14 weeks of negative action. but I'm stubborn.
While still in the red, the reason I'm in GBLC is that I would like to stake some Cardano in a Cardano staking pool. Given that I have only a small amount of Cardano, perhaps a better bet is to buy into a stock that already does staking in Cardano (and Polkadot and Chainlink to boot, which are top 15 coins per CoinGecko.com).
As an aside, I have now built up a position in the ADA token that I'm ready to participate into a Cardano staking pool myself. A good way to earn 4 to 6% APY.
Also, I have bought my first Polkadot (DOT) token.
Intellabridge Technologies (INTL):+147.6% (Jun 18/21) +86.2% (Jun 11/21) +78.0% (Jun 4/21) +39.1% (May 28/21) +45.3% (May 21/21) +51.4% (May 14/21) +63.7% (May 7/21) +80.0% (Apr 30/21) +47.3% (Apr 23/21) +73.9% (Apr 16/21) +88.2% (Apr 9/21) +78.0% (Apr 1/21) +2.3% (Mar 26/21) +10.5% (Mar 19/21) +12.5% (Mar 12/21)
INTL has been a pleasant surprise. They are developing a Kash app that is using the Terra blockchain, which is big in South Korea.
Conclusion
Goal for the week - Hold steady.
