@Raymo 19 May 2021 more from that month

My Bitcoin Stocks Portfolio (at 21/05/14)

(DISCLAIMER - This is not financial advice; this post is for entertainment purposes only.) Thank you Elon for tanking the bitcoin price. One week's he's pro bitcoin, the next he's not. That's one sudden U-turn. Yeah, bitcoin mining uses up a lot of energy but you would think his prior due diligence would have ferreted that out. Or was proper DD done? My bitcoin stocks portfolio took a huge hit at the early part of the week. By Friday, things got better. and the big loss was reduced. but was that just a dead cat bounce? The portfolio had a bad week with only one winning position and 22 losing ones. Only winner was Mechanical Technology (MKTY). I don't mind the roller coaster ride but there's a feeling of dread that something worse is just around the corner. Looking at the updated table of **publicly-traded stocks with bitcoin treasuries** - it is still showing 57 treasuries owning 7.82% of total BTC. The new addition is a doozy and is based on a Dec 2017 report that the Bulgarian government had seized over 200,000 bitcoins from hackers and presumably still hodling it. Are they the only government hodling BTC? http://bitcointreasuries.org/ https://www.coindesk.com/bulgarian-government-sitting-3-billion-bitcoin That said, here are my returns for the last twenty-six weeks based on the percentage gain/loss on the valuation tab on my discount brokerage summary page.

**Enterprise** MicroStrategy (MSTR):**+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 down last week. I won my bet as MSTR bought another $15M BTC - their stockpile at 91,850 BTC (worth over $4B). Tesla (TSLA): **-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) Eleven losing weeks out of twelve since my Feb 26 purchase. **Fintech** Square (SQ): **-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 ($170M) to their stash, Square's returns have been up and down (down 5.6% overall this week) since I bought SQ. Mogo (MOGO.wt): **+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 were down for the week. Mogo is a Canadian fintech company with a crypto division. **Last week I received my MOGOcard****.** Now what can I do with it? https://app.mogo.ca/1KkCi2m2Hbb?shared=rfrcnt&referral_code=1XJQVNJ6 Well, here's my plan - I have transferred fiat currency from my bank to the MOGOcard, but I haven't bought anything yet to earn that 1% cashback in bitcoin. I just found out that rival Canadian fintech WealthSimple has a $5B valuation. I need to check this out (still on the to-do list). Banxa (BNXA): **+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) **Self-described as the Paypal of crypto**, Banxa is a name I have encountered before. While trying to make a deposit on Binance, I remember Banxa was one of 2 names involved in their payment processing, the other being Simplex. https://www.youtube.com/watch?v=cKNQ7NViUd0 **Bitcoin Miners** Bitfarms (BITF):**+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): **+1483.6%** (May 14/21) **+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):**+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):**+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):**+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):**-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):**+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): **+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):**-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):**-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) Well, my call - that BITF going to Nasdaq would increase its price - didn't work out. It sold off instead. A terrible week as 9 of 10 miners experienced price drops. Somehow MKTY went up marginally while I averaged down on DMGI. My purchase of the Good Works SPAC still has not worked out. Time to take it into the woodshed. Might add first, then dump. **Crypto Trading Platforms** Coinbase (COIN):**-19.3%** (May 14/21) **-17.5%** (May 7/21) **-5.7%** (Apr 30/21) **-6.2%** (Apr 23/21) Small position so far. Will buy when it dips far enough. Voyager Digital (VYGR): **+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 dropped again. They've been dropping since April 1. However, it's still up a stellar 2762% gain since the November 20, 2020 week. BIGG Digital Assets (BIGG): **+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 has dropped a fair bit since a month ago. I like BIGG more as a consumer than as an investor. As a consumer, I am eagerly waiting to start trading on their Netcoins crypto exchange subsidiary, having signed up and hoping to trade very soon. (I cannot wait for the Voyager app anymore.) I also like their Qlue product offering - comparable to product at **Chainalysis, which has now privately raised another $100M and has a $2B valuation.** https://decrypt.co/62968/crypto-forensics-firm-chainalysis-hits-2-billion-valuation As an investor, I can see that BIGG's valuation may have been too high but previous week's drop may have rectified that. **Diversified Crypto** Galaxy Digital (GLXY): **+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)  Another week of dropping prices. GLXY is a keeper with its planned US up-listing in the second half of 2021.  **With the acquisition of Bitgo,** things looking better. Their market cap is still only $2.75B CAD. It's very obvious they will need to be on a bigger exchange. https://www.newswire.ca/news-releases/galaxy-digital-to-acquire-bitgo-to-form-pre-eminent-global-provider-of-digital-asset-financial-services-for-institutions-834031710.html I'm of the opinion that GLXY should have a market cap above VYGR ($2.91B), which is slowly happening. **Bitcoin Funds (Closed-end)** 3iQ The Bitcoin Fund (QBTC): **+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)  **Exchange traded funds - ETF** Purpose Bitcoin ETF - (BTCC):**+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): **+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): **-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) So far, BTCC, North America's first BTC ETF, has consistently eked out a small lead despite their rivals EBIT and BTCX having lower management fees - the benefits of a first mover advantage. **Actual Bitcoin** BTC purchased off Coinbase at $50/week: **+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:** Good week or bad, it has still been an exciting six months nurturing this portfolio. One always needs to keep an eye on two directions - the possibilities of a BTC super cycle and a giant crash in the near future. My long term holds - all the ETFs, GLXY, VYGR.