These are my results over the last two weeks of my attempt to buy most of the publicly-traded stocks with bitcoin treasuries. During the week, I added another bitcoin-related stock - HIVE Blockchain Technologies (T.HIVE) - from the list. HIVE is a company that mines BTC and ETH and should be differentiated from the social network also called Hive.
Here are my returns for the last two weeks based on the valuation tab on my discount brokerage summary page.
MicroStrategy (MSTR): +56.9% (Nov 27/20) +28.4% (Nov 20/20)
(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)
Voyager Digital (VYGR): +99.0% (Nov 27/20) +40.0% (Nov 20/20)
3iQ The Bitcoin Fund (QBTC): -15.0% (Nov 27/20) -5.1% (Nov 20/20)
Hut 8 Mining (HUT.wt): -4.1% (Nov 27/20) -6.0% (Nov 20/20)
Galaxy Digital (GLXY) -10.8% (Nov 27/20) -6.6% (Nov 20/20)
Hive Blockchain (HIVE): +16.0% (Nov 27/20)
BTC purchased off Coinbase: +49.3% (Nov 27/20)+59.7% (Nov 20/20) (using bitcoindollarcostaverage.com)
Conclusion:
MSTR has moved up solidly this past week. CEO Michael Saylor has been all over the internet, lately on CNBC. Also maintaining the two-week winning streak were BITF, VYGR and in a roundabout way - HUT.wt , which went from a negative return to a lesser negative return.
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 platform.
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.
