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Shopify Inc. Class A Subordinate Voting Shares (SHOP $206.84)
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Strategy Inc (MSTR $323.31)
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Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE $12.70)
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Harvest Shopify Enhanced High Income Shares ETF (SHPE $13.04)
Q: Do you see a benefit in owning a company, and then an ETF that writes covered calls on that company, such as SHOP and SHPE, or MSTR and MSTE in order to capture upside, and also get an income distribution? Please provide pros and cons, and if both owned, what sort of division - 50/50, 60/40 (asset/ETF) etc. - thanks!
Q: I'd like some information on the ETF MSTE ....... Looking on the Harvest website they offer the following explanation of what the ETF is .......
" The Harvest MicroStrategy Enhanced High Income Shares ETF invests all its assets, directly or indirectly, in Class A shares of MicroStrategy. MicroStrategy provides business intelligence, mobile software, and cloud-based services. The company’s securities have developed into a Bitcoin treasury holding company, due to its substantial holdings in the world’s premier digital currency."
I take it from the last sentence that it has evolved into a " proxy for Bitcoin " . Is that correct ? And from it's historical high to it's current trading level it has fallen 9.9% . Is that correct ? And looking at it's history of dividend payments { it has paid four dividends . Two of .66 and two of .60 } I come up with a 40% dividend { based on the lessor of the two dividend rates } ..... Is that correct ?
Personally I am from the Jamie Dimon school of crypto-currency ..... The stuff has no value whatever. But I can't deny the steady growth since someone came up with the idea of " Let's make a currency for criminals the government hasn't regulated " ......
So what am I buying here ? A less volatile method of investing in Bitcoin with a honking big dividend ? Or if one is so interested, is Bitcoin itself the better choice ? .....
Thanks for your terrific service ......
" The Harvest MicroStrategy Enhanced High Income Shares ETF invests all its assets, directly or indirectly, in Class A shares of MicroStrategy. MicroStrategy provides business intelligence, mobile software, and cloud-based services. The company’s securities have developed into a Bitcoin treasury holding company, due to its substantial holdings in the world’s premier digital currency."
I take it from the last sentence that it has evolved into a " proxy for Bitcoin " . Is that correct ? And from it's historical high to it's current trading level it has fallen 9.9% . Is that correct ? And looking at it's history of dividend payments { it has paid four dividends . Two of .66 and two of .60 } I come up with a 40% dividend { based on the lessor of the two dividend rates } ..... Is that correct ?
Personally I am from the Jamie Dimon school of crypto-currency ..... The stuff has no value whatever. But I can't deny the steady growth since someone came up with the idea of " Let's make a currency for criminals the government hasn't regulated " ......
So what am I buying here ? A less volatile method of investing in Bitcoin with a honking big dividend ? Or if one is so interested, is Bitcoin itself the better choice ? .....
Thanks for your terrific service ......
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Galaxy Digital Inc. Class A common stock (GLXY $47.67)
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Coinbase Global Inc (COIN $321.77)
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Robinhood Markets Inc. (HOOD $126.80)
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Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE $12.70)
Q: For Crypto exposure, I have a 1.5% position in COIN, a 2% position in GLXY (up 25%) and a .5% position in MSTE. I want to invest another 1.5% by either bringing COIN to 3% or investing in HOOD at 1.5%. Would you add to COIN or diversify into HOOD? Would you be comfortable with 5.5% total in diversified Crypto holdings?