[BitFunder] BTCINVEST - Low risk investment fund | Market cap: 2000+ BTC

[🏰 TradeFortress 🏰]

Dividends are delayed due to maintenance on BitFunder..

[🏰 TradeFortress 🏰]

Revenue
DMS SELLING dividends: 2.69 BTC
BitVPS dividends: 0.003 BTC
Crypto-Trade dividends: 0.3487 BTC
ASICMINER dividends: 9.67338 BTC
Graet.Loan interest: 1.223 BTC
Ukyo.Loan interest: 0.7168 BTC
Just-Dice profit: 14.394 BTC

TOTAL: 29.04888 BTC
Paid as dividends: 26.143992 BTC
Dividends per share: "You will be issueing (26.14399200 / 6864) = 0.00380885 per share. Final Total: 26.14394640."

Assets
Not traded on an exchange:
310 ASICMINER (directly) - 771.59 BTC
Just-Dice investment: 550 BTC

BitFunder
42 G.ASICMINER-PT shares (valued at btct price): 104.538 BTC
7,375 Ukyo.Loan: 77.44 BTC
16,309 Graet.Loan: 164.72 BTC
1 btcQuick: ~0 BTC
2949 TAT.MINIGAME: 0.689 BTC
3000 ACTIVEMINING: 8.317 BTC

Bitfunder total value: 355.704 BTC

btct.co
12 ASICMINER-PT: 29.868 BTC
199 Crypto-Trade: 39.78 BTC
248 BitVPS: 0.4984 BTC
356 DMS.SELLING: 3.377 BTC

btct.co total value: 73.5234 BTC

CoinLenders 90 day CD #2: 50 BTC

Total loans / lines of credit: 50 BTC

Total coins: 18.03 BTC

Total: 1800.8174 BTC
Shares outstanding: 6864
NAV/share: 0.2623 BTC / share

[TsuyokuNaritai]

BTCINVEST will maintain timely bids at 95% of the NAV. For more information please see the description on BitFunder.

I haven't seen any of these for a while. Have you stopped doing them, or are they just being eaten quickly? Thanks.

[joele]

Dividends per share: "You will be issueing (26.14399200 / 6864) = 0.00380885 per share. Final NAV/share: 0.2623 BTC / share

Nice dividend, thanks

[jboogie]

what happened to the 116 NastyFans seats? Last mention of them is the 8th of August under "Assets"

[thy]

what happened to the 116 NastyFans seats? Last mention of them is the 8th of August under "Assets"

Most likely the fund sold those as there not listed after the 8th august.

[MilkyLep]

That one share of btcQuick looks so lonely! 

[joele]

That one share of btcQuick looks so lonely! 

btcQuick text ad

[jboogie]

what happened to the 116 NastyFans seats? Last mention of them is the 8th of August under "Assets"

Most likely the fund sold those as there not listed after the 8th august.

yeah but where is the profit from that accounted for?

[🏰 TradeFortress 🏰]

yeah but where is the profit from that accounted for?

In the form of other assets. They weren't paid out as a dividend.

[kmtan]

marking for further study

[🏰 TradeFortress 🏰]

Update: Our investments were quite rocky (especially Just-Dice), however on the positive side some nice profit was made from trading LABCOIN. The current price of ASICMINER is primarily dependent on current dividends, which fails to account for next generation ASIC hardware, and my personal outlook for ASICMINER is positive. We do also have higher cash positions to capitalize on opportunities.

Revenue
DMS SELLING dividends: 0.859 BTC
ASICMINER dividends: 7.757463 BTC
LABCOIN trading: 14.352 BTC
Graet.Loan interest: 1.223 BTC
Ukyo.Loan interest: 0.1669 BTC
CoinLenders CD: 3.05 BTC
Share buyback spread: 2.44 BTC

TOTAL: 29.848363 BTC
Paid as dividends: 26.8635267
Dividends per share:  You will be issueing (26.86352670 / 6459) = 0.00415908 per share. Final Total: 26.86349772.

Assets
Not traded on an exchange:
260 ASICMINER (directly) - 432.9 BTC
Just-Dice investment: 518.2 BTC

BitFunder
42 G.ASICMINER-PT shares (valued at btct price): 69.3 BTC
20,57 Ukyo.Loan: 20.40 BTC
10,020 btcQuick: 5.109 BTC
16,309 Graet.Loan: 164.72 BTC
2949 TAT.MINIGAME: 0.737 BTC

Bitfunder total value: 260.266 BTC

btct.co
9 ASICMINER-PT: 14.985 BTC
199 Crypto-Trade: 39.18 BTC
248 BitVPS: 0.4717 BTC
356 DMS.SELLING: 2.5589 BTC
300 CB.IDIFF-E: 7.5 BTC

btct.co total value: 64.6956 BTC

CoinLenders 90 day CD #3: 100 BTC

Total coins: 138.41 BTC

Total: 1514.4816 BTC
Shares outstanding: 6459
NAV/share: 0.2345 BTC / share

[chriswen]

Yes, just-dice incurred some serious losses.

[gotpetum]

Yes, just-dice incurred some serious losses.

And now, so did everything on btct.

But that's why we use BTCINVEST! TF is great at keeping on top of these things and seeing opportunity when I'm hysterical :-)

Good luck, and let me know if I can help somehow!

[TsuyokuNaritai]

But that's why we use BTCINVEST! TF is great at keeping on top of these things and seeing opportunity when I'm hysterical :-)

+1. Crisis = opportunity and all that, there must be huge opportunities for profit for someone who really knows what they're doing.

It's not been a great couple of months for BTCInvest, but for those of us who kept the faith TradeFortress can show how good he really is & how smart it was to put our trust in him.

[bobboooiie]

I like the the optimism but you just got hit from every single angle and he doesnt have that much loose btcs to trade with. The NAV is probably half what it was on last report unfortunately.

[TsuyokuNaritai]

he doesnt have that much loose btcs to trade with.

We do also have higher cash positions to capitalize on opportunities.

He does have a fair amount, plus I'm sure he'll be selling and not just buying.

you just got hit from every single angle...The NAV is probably half what it was on last report unfortunately.

That's just being hysterical. We only had 9 AM shares on btct, most are direct. Even on btct AsicMiner is only down about 20% from the time of the report, and it's likely to recover as there shouldn't be any problems transferring the PTs. BTCInvest only had 64BTC in all btct shares in total! Most of BTCInvest was BitFunder, direct shares, or Bitcoins.

Did we even have any exposure to the shares that did get wiped out, such as LTC Global?

[🏰 TradeFortress 🏰]

Revenue
DMS SELLING dividends: 1.09 BTC
ASICMINER dividends: 5.2257 BTC
Graet.Loan interest: 1.223 BTC
Ukyo.Loan interest: 0.1669 BTC
Crypt-Trade dividends: 0.5166 BTC
Btct.co trading of BTC-Bond, CIPHERMINE.B1, etc): 4.182 BTC
Share buyback spread: 4.26 BTC

TOTAL: 16.6642 BTC
Paid as dividends: 14.9977 BTC
Dividends per share: "You will be issueing (14.99770000 / 5926) = 0.00253083 per share. Final Total: 14.99769858.".

Assets
Not traded on an exchange:
260 ASICMINER (directly) - 338 BTC
Just-Dice investment: 432 BTC

BitFunder
42 G.ASICMINER-PT shares (valued at btct price): 54.6 BTC
2,057 Ukyo.Loan: 20.93 BTC
105,020 btcQuick: 36.967 BTC
16,309 Graet.Loan: 164.72 BTC
2949 TAT.MINIGAME: 0.737 BTC

Bitfunder total value: 277.954 BTC

btct.co
9 ASICMINER-PT: 11.7 BTC
222 Crypto-Trade: 37.74 BTC
248 BitVPS: 0.4717 BTC
356 DMS.SELLING: 3.35 BTC
300 CB.IDIFF-E: 7.5 BTC

btct.co total value: 60.7617 BTC

CoinLenders 90 day CD #3: 100 BTC

Total coins: 37.582 BTC

Total: 1246.2977 BTC
Shares outstanding: 5926
NAV/share: 0.21031 BTC / share

[stenkross]

btct.co
9 ASICMINER-PT: 11.7 BTC
222 Crypto-Trade: 37.74 BTC
248 BitVPS: 0.4717 BTC
356 DMS.SELLING: 3.35 BTC
300 CB.IDIFF-E: 7.5 BTC

btct.co total value: 60.7617 BTC

What's the plan with the BTC60 worth of btct assets?

[🏰 TradeFortress 🏰]

btct.co
9 ASICMINER-PT: 11.7 BTC
222 Crypto-Trade: 37.74 BTC
248 BitVPS: 0.4717 BTC
356 DMS.SELLING: 3.35 BTC
300 CB.IDIFF-E: 7.5 BTC

btct.co total value: 60.7617 BTC

What's the plan with the BTC60 worth of btct assets?

ASICMINER-PT will be migrated to direct shares
Crypto-Trade's plans are to relist trading of their shares on their own site.
BitVPS has no announced plans yet, unfortunately.
DMS.SELLING is very likely to migrate to BitFunder
CB.IDIFF-E's payouts will be simply made to our BTC address set in btct.co