Best Bitcoin proxy to trade: MSTR
- Thread starter Pekelo
- Start date
MSTR is one of the most expensive ways to play BTC.
$2.5 billion worth of BTC with a company valuation around $4.5 billion. Business is doing poorly.
Nice profit on the purchase but it's borrowed money so .... sell some to pay off the loan?
Other than the options benefit, I'd play GBTC before MSTR.
https://seekingalpha.com/article/4398215-bitcoin-fixes-microstrategy
$2.5 billion worth of BTC with a company valuation around $4.5 billion. Business is doing poorly.
Nice profit on the purchase but it's borrowed money so .... sell some to pay off the loan?
Other than the options benefit, I'd play GBTC before MSTR.
https://seekingalpha.com/article/4398215-bitcoin-fixes-microstrategy
Some places aren't allowing you to trade GBTC but it is the closest thing to trading bitcoin without trading bitcoin.
I pretty much own all the derivative plays on Bitcoin/Altcoins. Most leverage is via the miners since the leverage seems to be about 2:1 although it still depends on if the general market is calm or in a panic.
Bitcoin --> MARA & RIOT
Ethereum --> Hive Blockchain (HVBTF on the OTC BB)
Seems like MARA is the best. If I remember correctly they were rolling out their coin generation at 16-20 Bitcoins/day from their Canadian server farms.
It seems like RIOT did better in the beginning but their mining operation seems to be inferior to MARA from what I read, at least in terms of Bitcoin generation.
There is also the Canadian Financial/Trading company Galaxy Digital Holdings (BRPHF OTCBB) that owns the second most Bitcoins after Microstrategy. I believe they own about 17,000 Bitcoins. The trading seems erratic at times, however. It was started by former GS alum Novogratz who is constantly on CNBC shilling for it.
I also own all the Grayscale ETNs but only GBTC & ETHE are liquid. BCHG & LTCN are pretty illiquid especially LTCN which never seems to trade more than 10K shares no matter the price movement.
I got the chart from the main Bitcoin thread.
Bitcoin --> MARA & RIOT
Ethereum --> Hive Blockchain (HVBTF on the OTC BB)
Seems like MARA is the best. If I remember correctly they were rolling out their coin generation at 16-20 Bitcoins/day from their Canadian server farms.
It seems like RIOT did better in the beginning but their mining operation seems to be inferior to MARA from what I read, at least in terms of Bitcoin generation.
There is also the Canadian Financial/Trading company Galaxy Digital Holdings (BRPHF OTCBB) that owns the second most Bitcoins after Microstrategy. I believe they own about 17,000 Bitcoins. The trading seems erratic at times, however. It was started by former GS alum Novogratz who is constantly on CNBC shilling for it.
I also own all the Grayscale ETNs but only GBTC & ETHE are liquid. BCHG & LTCN are pretty illiquid especially LTCN which never seems to trade more than 10K shares no matter the price movement.
I got the chart from the main Bitcoin thread.
Attachments
VYGVF (otc) Voyager Digital Ltd (cryptocurrency symbol is VGX)
disclosure: i don't have a position in the crypto or the stock, and not planning to take a position
Saw this on a crypto YouTube guy I follow. What's interesting is that I guess Circle went almost bankrupt and this company bought them for cheap.
They have a cryptocurrency that's recently pumping, stock is doing well, it looks like
@vanzandt
disclosure: i don't have a position in the crypto or the stock, and not planning to take a position
Saw this on a crypto YouTube guy I follow. What's interesting is that I guess Circle went almost bankrupt and this company bought them for cheap.
They have a cryptocurrency that's recently pumping, stock is doing well, it looks like
@vanzandt