Bitcoin and Bitcoin Proxies today (Patreon)

Note: This is a very risky strategy. I am using a leveraged, high-risk option strategy on a leveraged asset that is also a proxy for a high-beta asset, namely Bitcoin.

Last week, I bought the dip aggressively. As I had mentioned, my plan was not to buy more BTC, although I did make a small purchase of BTC Pure. However, my goal was to add to my position in MSTR options. I also disclosed that I planned to exceed my rule of no more than 10% of my portfolio in any one BTC proxy, and I have indeed exceeded this rule.

To understand the chart and the relative dollar value, I have multiplied the number of MSTR contracts I own by 100 and then by the stock price. For example, 10 contracts of MSTR equals 1,000 shares * $336. Even though the amount of money I have invested is small, the number of shares I now control is not. One bitcoin is now equivalent to 92 MSTR shares.

CLSK is 2.1% of my BTC & BTC Proxy bag

BITF is 0.19% of my BTC & BTC Proxy bag

I am very Bullish on Bitcoin up to and beyond the halving.  My Goals are not your goals.

There is also another angle here, in full disclosure it is hard to sell BTC pure form as we know it is so rare.  However, I have no problems selling proxies in a heart break and hedging the heck out of them.  This will help me exit the markets 18-24 mths from now and also take large profits along the way using all the tools we have.