What an outrageous week it was, ending with an even more outrageous Friday. Stock gains were there to be had as the BTC price flirted with the $40,000 mark. My Bitcoin 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.
Now I'll have to brace myself for any possible drop in the market.
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 was 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 may be potential purchases for next week.
So in the meantime, here are my returns for the last eight weeks based on the percentage gain/loss on the valuation tab on my discount brokerage summary page.
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)
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 getting on the list at 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)
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)
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 ruminations 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)
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 yesterday 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)
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) (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.
