Topic: [BitFunder] BTCINVEST - Low risk investment fund | Market cap: 2000+ BTC - page 12. (Read 45626 times)

There was a mistake with the valuation of G.ASICMINER-PT on BitFunder. I have corrected this mistake. I've donated 16.8 BTC (half of the mistakenly calculated amount) to the fund.

Thanks for pointing this out! By the way, if you like what I'm doing, please leave me a trust rating if you haven't already: https://bitcointalk.org/index.php?action=trust;u=67058

hell yes, the performance is more than nice

AM lost close to 1/4 in value, more than 50% of this fund is AM and NAV/share stayed close to same value. Thats really impressive. I really like the job TF is doing here.


I was expecting pretty much the same.

nice performance

But I've got a question:
The direct Asicminer Shares are valued at 3btc/share, so are the ones at btct.co. But the ones at bitfunder are rated at 3.8btc each. Can you tell me why?

Thanks!

100 ASICMINER shares was purchased at 2.7. The profits on this trade will be locked in soon to reduce our ASICMINER exposure - in other words, expect nice dividends next report

Revenue
DMS SELLING dividends: 2.4473 BTC
BitVPS dividends: 0.0049 BTC
ASICMINER dividends: 9.352 BTC
Graet.Loan interest: 1.141 BTC
Ukyo.Loan interest: 1.05 BTC
Portion of JD profit: 10 BTC
(share buyback spread isn't paid as dividends this time, as it was used to fund the 100 ASICMINER purchase)

TOTAL: 23.995 BTC
Paid as dividends: 21.5955 BTC
Dividends per share: "You will be issueing (21.59550000 / 6864) = 0.00314619 per share. Final Total: 21.59544816."

Assets
Not traded on an exchange:
310 ASICMINER (directly) - 930 BTC
Just-Dice investment: 553.76 BTC

BitFunder
42 G.ASICMINER-PT shares: 126 BTC
* Note: The original report had a mistake with the valuation of G.ASICMINER-PT. The fund manager has donated half of the difference to the fund.
7544 Ukyo.Loan: 75.44 BTC
16,309 Graet.Loan: 163.09 BTC
949 TAT.MINIGAME: 0.27 BTC
3000 ACTIVEMINING: 13.95 BTC

Bitfunder total value: 412.35 BTC

btct.co
12 ASICMINER-PT: 36 BTC
199 Crypto-Trade: 39.8 BTC
248 BitVPS: 0.5575 BTC
300 DMS.SELLING: 5.217 BTC

btct.co total value: 81.5745 BTC

CoinLenders 90 day CD #2: 50 BTC

Total loans / lines of credit: 50 BTC

Total coins: 18.03 BTC

Total: 2012.1145 BTC
Shares outstanding: 6864
NAV/share: 0.293 BTC / share

Well most of the shares are direct shares, and I didn't see him auction any off unless he made some private deal.

I'm glad I sold most of mine right after the last report since I'm getting an estimated value of between .261 and .282 per share.

Nav update day, when promises are kept and trust is rewarded...


I sold my AsicMiner before the crash and bought back at the bottom. Here's hoping TradeFortress did something similar!

+1
thanks for the good work

Nice performance considering the mining market downturn. Well done!

More competition in the ASIC mining sector and news about a $20 million investment into Avalon has spurred drops of most mining securities (after we dumped LABCOIN, and BTCGARDEN is still trading at IPO price), which has affected our NAV but not too severely thanks to JD's profits. Enjoy the dividends

Revenue
DMS SELLING dividends: 1.5949 BTC
BitVPS dividends: 0.0049 BTC
ASICMINER dividends: 10.285 BTC
NastyFans dividends: 0.30 BTC
Graet.Loan interest: 1.141 BTC
Ukyo.Loan interest: 0.7185 BTC
CD Mature: 2.585 BTC
LABCOIN trading profit: 6.485 BTC
G.SDICE-PT profit: 4.0758 BTC
Share Buyback: 6.55 BTC

TOTAL: 33.7401 BTC
Paid as dividends: 30.36609 BTC
Dividends per share: "You will be issueing (30.36609000 / 7004) = 0.00433553 per share. Final Total: 30.36605212."

Assets
Not traded on an exchange:
240 ASICMINER (directly) - 924 BTC
116 NASTYFANS "seats" - 39.44 BTC
Just-Dice investment: 549.9 BTC

BitFunder
42 G.ASICMINER-PT shares: 159.6 BTC
7544 Ukyo.Loan: 75.44 BTC
16,309 Graet.Loan: 163.09 BTC
949 TAT.MINIGAME: 0.223 BTC
1 ASICMINER PUT at 4 BTC strike

Bitfunder total value: 398.353 BTC

btct.co
174 Crypto-Trade: 33.6342 BTC
1000 BTCGARDEN: 16 BTC
248 BitVPS: 0.4588 BTC
300 DMS.SELLING: 6.786 BTC

btct.co total value: 56.879 BTC

CoinLenders 90 day CD #2: 50 BTC
NASTY-MINING 40 BTC Loan: 40 BTC

Total loans / lines of credit: 90 BTC

Total coins: 98.66 BTC

Total: 2157.232 BTC
Shares outstanding: 7004
NAV/share: 0.308 BTC / share

As always: contact me ([email protected]) if you'd like to do bulk buys or sells of BTCINVEST.

I hope we are getting a new report today. I'm stoked to see how TradeFortress handled "IPO Mania" the past week. ASICMINER is down a good amount so the NAV will probably be lower, but certainly not as low as these spreadsheet-lacking sheep selling as low as .25 think (thank you for the cheap shares ).

I am guessing NAV will be approximately 0.3045 based on my spreadsheet (AM at 3.8, 5% growth in Non-AM stocks). Dividends should be juicy, too, since we will get 3 weeks of ASICMINER plus a huge amount from Just-Dice which is up ~15-20% since last report.

I saw TradeFortress post about buying Labcoin and dumping it right after trading went live, so I wonder if some of that was BTCINVEST or if it was personal funds? It is so difficult to guess his trading moves but fun to try!

Great to hear.  Here's hoping you put the new funds to good use.  Keep up the great work!

Hi Rolyland,

The new shares was sold on the market. It's the ask part. The fund always gets more than current NAV for new shares.

Maybe I'm a bit thick, so please take pity on me.

Can someone explain why shares outstanding has been going up the last few weeks/months (for example, between the 8 July report and the 22 July report there are some 800 new shares issued)?  Are you discreetly issuing more shares above the NAV? 

Your last report mentioned share buyback, but not share issuance, and I see nothing in the OP about issuance of shares (although it does say you will issue shares above the NAV on the bitfunder description).  And the shares were scarcely trading at NAV, let alone above it.  So I hope you can forgive my confusion.

Thanks

Here's another quote you might want to read timwizard:



https://bitcointalksearch.org/topic/m.2796306

BTCINVEST prohibits US citizens or residents from purchasing shares. We're unable to enforce this however on a technical level because of BitFunder's limited options to asset issuers.

From Bitfunder:

"BTCINVEST does not offer any investments to US citizens or residents. If you are a citizen or reside in the United States of America, you are prohibited from purchasing any shares of BTCINVEST."

So I hope this is just a precautionary and legally defensive statement. Any updates on this statement or how recent events affect this asset? Seems to be a lot of selling going on the past day or so in light of the legal scares.

is anyone planning a BTCINVEST pass through on btct.co?

Revenue
DMS SELLING dividends: 2.3785 BTC
DMS Trading: 3.115 BTC
ASICMINER dividends: 11.9901 BTC
NastyFans dividends: 0.30 BTC
Graet.Loan interest: 1.268 BTC
Nasty Mining Loan "Fee" (aka interest): 1 BTC
Share Buyback: 3.2 BTC

TOTAL: 23.2516 BTC
Paid as dividends: 20.92644 BTC
Dividends per share: "You will be issueing (20.92644000 / 7309) = 0.00286310 per share. Final Total: 20.92639790."

Assets
Not traded on an exchange:
220 ASICMINER (directly) - 1045 BTC
116 NASTYFANS "seats" - 43.268 BTC
Just-Dice investment: 476.19 BTC

BitFunder
40 G.ASICMINER-PT shares: 187.96 BTC
15,000 Ukyo.Loan: 150 BTC
18,115 Graet.Loan: 181.15 BTC
10,000 G.MPOE: 9.3 BTC
199 G.BBET: 0.378 BTC
525 G.SDICE: 1.686 BTC

Bitfunder total value: 530.474 BTC

btct.co
300 DMS.SELLING: 7.377 BTC

btct.co total value: 7.377 BTC

CoinLenders 90 day CD: 44 BTC
CoinLenders 90 day CD #2: 50 BTC
NASTY-MINING 40 BTC Loan: 40 BTC
(sum does not include interest)

Total loans / lines of credit: 134 BTC

Total coins: 186.55 BTC (*comment: mostly due to a private sale that has not been put to use yet)

Total: 2422.859 BTC
Shares outstanding: 7309
NAV/share: 0.33149 BTC / share
+9.86% from last report (not counting dividends)
+10.8% from last report (including dividends)

Market cap @ last: 2483.452 BTC

As always: contact me ([email protected]) if you'd like to do bulk buys or sells of BTCINVEST. A bid wall was placed.

For future reference, send Bitcoins to [email protected]

TF I'm stuck, How do I move funds from inputs.io to coinlenders??? LOL

EDIT dont worry, done it.