(DISCLAIMER - This is not financial advice; this post is for entertainment purposes only.)
Last week, my bitcoin stocks portfolio recovered a bit from the agonizing week before. Based on price increases over the week before, I had 18 winning positions and only 4 losers.
I'm still wary of a bear trap as I did buy the dip but I didn't go hog wild.
Looking at the updated table of publicly-traded stocks with bitcoin treasuries (which formed the genesis of my portfolio), it is showing 59 treasuries owning 8.08% of total BTC but am I looking at a double counting of 3iQ's BTC holdings of 18,242 BTCs. I suspect that the holdings in 3iQ's closed-end Bitcoin Fund (QBTC) is being transferred to the new 3iQ Coinshares Bitcoin ETF (BTCQ). Incidentally, I sold out of QBTC last week.
That said, here are my returns for the last twenty-eight weeks based on the percentage gain/loss on the valuation tab on my discount brokerage summary page.
Enterprise
MicroStrategy (MSTR):+171.8% (May 28/21) +160.5% (May 21/21) +201.4% (May 14/21) +258.8% (May 7/21) +280.0% (Apr 30/21) +254.5% (Apr 23/21) +301.1% (Apr 16/21) +311.1% (Apr 9/21) +306.8% (Apr 1/21) +260.8% (Mar 26/21) +349.2% (Mar 19/21) +353.3% (Mar 12/21) +258.6% (Mar 5/21) +333.9% (Feb 26/21) +457.3% (Feb 19/21) +498.1% (Feb 12/21) +366.1% (Feb 5/21) +256.9% (Jan 29/21) +233.7% (Jan 22/21) +234.3% (Jan 15/21) +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 stock price was up in a week which saw CEO Michael Saylor set up a Bitcoin Mining Council with a few mining companies and Elon Musk. No doubt, Saylor is a mover and shaker in the industry.
Tesla (TSLA):-18.0% (May 28/21) -23.9% (May 21/21) -22.4% (May 14/21) -11.3% (May 7/21) -5.3% (Apr 30/21) -1.1% (Apr 23/21) +0.6% (Apr 16/21) -7.8% (Apr 9/21) -9.8% (Apr 1/21) -15.4% (Mar 26/21) -11.0% (Mar 19/21) -12.9% (Mar 12/21) -23.8% (Mar 5/21) -13.5% (Feb 26/21)
13 losing weeks out of 14 since my Feb 26 purchase. Added to position once. Will add more later.
Fintech
Square (SQ):+1.0% (May 28/21) -9.2% (May 21/21) -5.6% (May 14/21) +5.9% (May 7/21) +11.1% (Apr 30/21) +11.9% (Apr 23/21) +16.3% (Apr 16/21) +18.8% (Apr 9/21) +4.2% (Apr 1/21) -3.0% (Mar 26/21) +2.1% (Mar 19/21) +9.9% (Mar 12/21) -1.7% (Mar 5/21) +4.4% (Feb 26/21) +25.6% (Feb 19/21) +23.8% (Feb 12/21) +9.1% (Feb 5/21) -2.0% (Jan 29/21) +1.2% (Jan 22/21) +3.4% (Jan 15/21) +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)
After adding more bitcoin to their stash, Square's returns have been up and down since I bought SQ.
Mogo (MOGO.wt):+195.1% (May 28/21) +171.7% (May 21/21) +160.4% (May 14/21) +200.4% (May 7/21) +248.3% (Apr 30/21) +180.0% (Apr 23/21) +195.5% (Apr 16/21) +326.1% (Apr 9/21) +284.9% (Apr 1/21) +224.5% (Mar 26/21) +357.7% (Mar 19/21) +258.5% (Mar 12/21) +149.2% (Mar 5/21) +200.0% (Feb 26/21) +329.4% (Feb 19/21) +262.3% (Feb 12/21) +92.5% (Feb 5/21) +20.8% (Jan 29/21) +40.4% (Jan 22/21) +66.4% (Jan 15/21) +58.5% (Jan 8/21) -1.5% (Dec 31/20)
MOGO.wts continued upwards after being my only position that went up the week of the crash. (Mogo is a Canadian fintech company with a crypto division.)
A couple weeks ago, I received my MOGOcard. Now what can I do with it?
Well, here's my plan - I transferred fiat currency from my bank to the MOGOcard, which is basically a VISA debit card but I have yet to find a way to buy bitcoin with it. I want to earn that 1%-2% cashback in bitcoin by buying bitcoin.
Banxa (BNXA):+70.0% (May 28/21) +67.5% (May 21/21) +77.0% (May 14/21) +125.8% (May 7/21) +144.9% (Apr 30/21) +160.6% (Apr 23/21) +154.4% (Apr 16/21) +197.0% (Apr 9/21)+170.9% (Apr 1/21) +148.6% (Mar 26/21) +207.8% (Mar 19/21) +108.9% (Mar 12/21) +3.0% (Mar 5/21) +5.5% (Feb 26/21)
Still in the process of reexamining why I'm invested in Banxa.
Bitcoin Miners
Bitfarms (BITF):+962.2% (May 28/21) +935.3% (May 21/21) +1227.3% (May 14/21) +1471.6% (May 7/21) +1274.9% (Apr 30/21) +825.6% (Apr 23/21) +960.2% (Apr 16/21) +1227.3% (Apr 9/21) +1194.2% (Apr 1/21) +1204.5% (Mar 26/21) +1281.1% (Mar 19/21) +1212.8% (Mar 12/21) +1055.4% (Mar 5/21) +1121.7% (Feb 26/21) +1542% (Feb 19/21) +804.9% (Feb 12/21) +676.5% (Feb 5/21) +573.0% (Jan 29/21) +537% (Jan 22/21) +786.0% (Jan 15/21) +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):+1054.8% (May 28/21) +1032.2% (May 21/21) +1483.6% (May 4/21) +1532.5% (May 7/21) +1893.7% (Apr 30/21) +1679.2% (Apr 23/21) +2100.5% (Apr 16/21) +2427.8% (Apr 9/21) +2875.4% (Apr 1/21) +2578.3%% (Mar 26/21) +3172.6% (Mar 19/21) +3037.2% (Mar 12/21) +2570.7% (Mar 5/21) +2980.8% (Feb 26/21) +3240.4% (Feb 19/21) +2552% (Feb 12/21) +1352% (Feb 5/21) +1145.1% (Jan 29/21) +1258% (Jan 22/21) +1660.5% (Jan 15/21) +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):+265.2% (May 28/21) +239.9% (May 21/21) +314.4% (May 14/21) +372.1% (May 7/21) +459.8% (Apr 30/21) +326.4% (Apr 23/21) +426.1% (Apr 16/21) +501.8% (Apr 9/21) +494.6% (Apr 1/21) +397.3% (Mar 26/21) +462.2% (Mar 19/21) +482.6% (Mar 12/21) +432.1% (Mar 5/21) +476.6% (Feb 26/21) +710.8% (Feb 19/21) +376.9% (Feb 12/21) +233.9% (Feb 5/21) +190.7% (Jan 29/21) +208.7% (Jan 22/21) +241.1% (Jan 15/21) +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):-0.5% (May 28/21) -0.5% (May 21/21) +8.1% (May 14/21) +33.6% (May 7/21) +45.0% (Apr 30/21) +19.4% (Apr 23/21) +50.7% (Apr 16/21) +39.3% (Apr 9/21) +56.4% (Apr 1/21) +64.9% (Mar 26/21) +121.8% (Mar 19/21) +84.8% (Mar 12/21) +79.2% (Mar 5/21) +93.4% (Feb 26/21) +93.4% (Feb 19/21) +90.5% (Feb 12/21) +62.1% (Feb 5/21) +19.4% (Jan 29/21) +22.3% (Jan 22/21) +45.0% (Jan 15/21) +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)
Fortress Blockchain (FORT):+105.0% (May 28/21) +71.6% (May 21/21) +82.7% (May 14/21) +118.4% (May 7/21) +140.7% (Apr 30/21) +113.9% (Apr 23/21) +171.9% (Apr 16/21) +189.7% (Apr 9/21) +194.1% (Apr 1/21) +189.7% (Mar 26/21) +229.8% (Mar 19/21) +203.1% (Mar 12/21) +176.3% (Mar 5/21) +171.9% (Feb 26/21) +136.2% (Feb 19/21) +27.0% (Feb 12/21) -4.2% (Feb 5/21) -10.9% (Jan 29/21) -1.9% (Jan 22/21)
Marathon (MARA):-3.1% (May 28/21) -18.4% (May 21/21) -9.4% (May 14/21) +23.1% (May 7/21) +46.4% (Apr 30/21) +30.5% (Apr 23/21) +57.7% (Apr 16/21) +98.9% (Apr 9/21) +98.5% (Apr 1/21) +47.0% (Mar 26/21) +74.4% (Mar 19/21) +64.4% (Mar 12/21) +23.2% (Mar 5/21) +24.3% (Feb 26/21) +77.0% (Feb 19/21) +58.3% (Feb 12/21) -6.8% (Feb 5/21)
Riot Blockchain (RIOT):+10.4% (May 28/21) -7.2% (May 21/21) +6.2% (May 14/21) +36.6% (May 7/21) +73.3% (Apr 30/21) +61.8% (Apr 23/21)+88.2% (Apr 16/21) +109.6% (Apr 9/21) +120.1% (Apr 1/21) +104.4% (Mar 26/21) +155.7% (Mar 19/21) +104.1% (Mar 12/21) +72.0% (Mar 5/21) +87.7% (Feb 26/21) +203.6% (Feb 19/21) +111.1% (Feb 12/21) +0.6% (Feb 5/21)
Mechanical Technology (MKTY):+50.6% (May 28/21) +45.9% (May 21/21) +48.9% (May 14/21) +47.4% (May 7/21) +64.2% (Apr 30/21) +58.8% (Apr 23/21) +88.9% (Apr 16/21) +70.4% (Apr 9/21) +124.4% (Apr 1/21) +150.1% (Mar 26/21) +102.5% (Mar 19/21) +52.9% (Mar 12/21) +25.9% (Mar 5/21) +37.6% (Feb 26/21) +122.7% (Feb 19/21) +69.9% (Feb 12/21)
Good Works Acquisition Corp (GWAC):-19.4% (May 28/21) -19.8% (May 21/21) -18.9% (May 14/21) -18.8% (May 7/21) -16.5% (Apr 30/21) -15.9% (Apr 23/21) -14.8% (Apr 16/21) -12.9% (Apr 9/21) -10.7% (Apr 1/21) -10.0% (Mar 26/21) -6.9% (Mar 19/21) +0.1% (Mar 12/21)
DMG Blockchain (DMGI):-36.2% (May 28/21) -38.3% (May 21/21) -30.7% (May 14/21) -47.9% (May 7/21) -41.2% (Apr 30/21) -28.0% (Apr 23/21) -30.5% (Apr 16/21) -14.7% (Apr 9/21) +0.3% (Apr 1/21)
Miners made a nice small recovery from Black Wednesday but the big news of the week was that HUT, HIVE, MARA, RIOT and GLXY are now on the rolodex of Saylor and Musk.
Crypto Trading Platforms
Coinbase (COIN):-12.8% (May 28/21) -17.4% (May 21/21) -19.3% (May 14/21) -17.5% (May 7/21) -5.7% (Apr 30/21) -6.2% (Apr 23/21)
Small position so far. I did buy the dip and averaged down.
Voyager Digital (VYGR):+2898.4% (May 28/21) +2474.6% (May 21/21) +2762.3% (May 14/21) +3174.4% (May 7/21) +3441.6% (Apr 30/21) +2858.6% (Apr 23/21) +3282.3% (Apr 16/21) +4178.6% (Apr 9/21) +4289.1% (Apr 1/21) +3609.8% (Mar 26/21) +3805% (Mar 19/21) +2570.9% (Mar 12/21) +2092% (Mar 5/21) +2348.8% (Feb 26/21) +2327.0% (Feb 9/21) +2158.8% (Feb 12/21) +2018.8% (Feb 5/21) +922.1% (Jan 29/21) +766.8% (Jan 22/21) +874.6% (Jan 15/21) +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)
VYGR halted a slide in their stock price and is now up a whopping 2898% since the November 20, 2020 week.
BIGG Digital Assets (BIGG):+186.1% (May 28/21) +170.7% (May 21/21) +199.8% (May 14/21) +201.5% (May 7/21) +350.5% (Apr 30/21) +347.1% (Apr 23/21) +583.5% (Apr 16/21) +497.9% (Apr 9/21) +292.3% (Apr 1/21) +235.8% (Mar 26/21) +263.2% (Mar 19/21) +179.2% (Mar 12/21) +165.5% (Mar 5/21) +100.4% (Feb 26/21) +109.0% (Feb 19/21) +61.0% (Feb 12/21) +69.0% (Feb 5/21) +22.8% (Jan 29/21) +17.5% (Jan 22/21) +32.0% (Jan 15/21) +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)
Price improved somewhat last week.
This item caught my eye - Shark Tank's Kevin O'Leary mentioned on Kitco News and also on Anthony Pompliano's podcast that he has invested in a private company DeFi Ventures, along with other investors. Looks like BIGG is one of the other investors. So BIGG appears to have a private venture arm, in addition to their analytics/security subsidiaries.
My consumer complaint - After signing up on BIGG's crypto exchange subsidiary (Netcoins.ca), I have had some trouble with funding the account as I want to fund it via the bill payment route only as I absolutely hate email money transfers. The bill payment option is available but I get an error because my credit union is expecting a 6 digit number in the account number field while my Netcoins account number has 9 alpha-numeric characters.
While that's a slight bump in the road, it's still an impediment to on-ramping new accounts. If only one side talked to the other.
Diversified Crypto
Galaxy Digital (GLXY):+88.5% (May 28/21) +59.9% (May 21/21) +156.7% (May 14/21) +184.0% (May 7/21) +204.6% (Apr 30/21) +183.2% (Apr 23/21) +194.4% (Apr 16/21) +185.3% (Apr 9/21) +118.2% (Apr 1/21) +77.0% (Mar 26/21) +142.7% (Mar 19/21) +54.3% (Mar 12/21) +49.9% (Mar 5/21) +44.7% (Feb 26/21) +99.3% (Feb 19/21) +136.3% (Feb 12/21) +67.1% (Feb 5/21) +13.8% (Jan 29/21) +18.8% (Jan 22/21) +29.9% (Jan 15/21) +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)
GLXY is a keeper with its planned US up-listing in the second half of 2021. It's very obvious they will need to be on a bigger exchange. I bought another trading position..
Bitcoin Funds (Closed-end)
3iQ The Bitcoin Fund (QBTC): +54% (May 21/21) +115.8% (May 14/21) +145.1% (May 7/21) +146.7% (Apr 30/21) +122.8% (Apr 23/21) +169.7% (Apr 16/21) +158.3% (Apr 9/21) +159.3% (Apr 1/21) +134.4% (Mar 26/21) +154.3% (Mar 19/21) +145.2% (Mar 12/21)+111.4% (Mar 5/21) +100.1% (Feb 26/21) +124.2% (Feb 19/21) +120.1% (Feb 12/21) +78.0% (Feb 5/21) +59.6% (Jan 29/21) +57.4% (Jan 22/21) +80.2% (Jan 15/21) +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)
I exited my position at 54% to preserve some gains in a falling market and used funds to averaged down on Coinbase.
Exchange traded funds - ETF
Purpose Bitcoin ETF - (BTCC):-23.9% (May 28/21) -23.6% (May 21/21) +6.6% (May 14/21) +22.0% (May 7/21) +21.3% (Apr 30/21) +8.1% (Apr 23/21) +30.9% (Apr 16/21) +24.1% (Apr 9/21) +25.0% (Apr 1/21) +14.4% (Mar 26/21) +25.3% (Mar 19/21) +20.5% (Mar 12/21) +4.7% (Mar 5/21)+0.6% (Feb 26/21)
Evolve Bitcoin ETF - (EBIT):-27.8% (May 28/21) -27.3% (May 21/21) +1.4% (May 14/21) +16.6% (May 7/21) +16.9% (Apr 30/21) +5.6% (Apr 23/21) +28.8% (Apr 16/21) +21.6% (Apr 9/21) +23.4% (Apr 1/21) +13.1% (Mar 26/21) +23.1% (Mar 19/21) +18.3% (Mar 12/21) +4.2% (Mar 5/21) -0.1% (Feb 26/21)
CI Galaxy Bitcoin ETF - (BTCX):-32.2% (May 28/21) -31.9% (May 21/21) -11.5% (May 14/21) +1.5% (May 7/21) +1.5% (Apr 30/21) -7.6% (Apr 23/21) +3.1% (Apr 16/21) -2.6% (Apr 9/21) -1.3% (Apr 1/21) -9.4% (Mar 26/21) -1.5% (Mar 19/21)
All 3 BTC ETFs dropped slightly during the week and will be candidates for dollar cost averaging.
Bitcoin
BTC purchased off Coinbase at $50/week:+67.3% (May 28/21) +78.1% (May 21/21) +118.3% (May 14/21) +186.6% (May 7/21) +190.0% (Apr 30/21) +166.7% (Apr 23/21) +187.5% (Apr 16/21) +215.1% (Apr 9/21) +216.4% (Apr 1/21) +202.2% (Mar 26/21) +220.7% (Mar 19/21) +248.7% (Mar 12/21) +196.7% (Mar 5/21) +165.8% (Feb 26/21) +241.5% (Feb 19/21) +183.7% (Feb 12/21) +146.1% (Feb 5/21) +119.2% (Jan 29/21) +121.7% (Jan 22/21) +159.1% (Jan 15/21) +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 https://www.bitcoindollarcostaverage.com/)
Conclusion:
A small recovery but I'm still wary of a bear trap. I will proceed cautiously by mainly buying the dips in the ETFs.
My long term holds - all the ETFs, GLXY, VYGR.
It is very clear that I have read the whole article. I have a lot of problems about bitcoin , but it has also been disturbed. Thank you.