SPI weekly earning and holdings Report | Year 05 | Week 30
Welcome to the weekly SPI Report
Each Sunday, @spinvest uploads an earnings and holdings report to keep investors up to date with fund performance and news. You can subscribe to these weekly reports in the comments.
SPI is the flagship growth token for the SPinvest fund. Launched in June 2019. SPI tokens act as both a token of ownership and a governance token. Since launch, we've been able to 7x the HIVE value (including revaluations and token split) and 12x the dollar value of the fund.
We are now in our 5th year of operation and still going strong as we stick to our plan of investing the bulk of our holdings into time-served investments and HODL.
Our motto is = Getting Rich Slow
In our expansive portfolio, we are involved in over 30 investments, with a significant portion dedicated to HIVE, BTC, and ETH. We firmly believe in avoiding impulsive actions driven by the fear of missing out or chasing unattainable aspirations. Instead, we rely on tried and tested strategies that have proven to be the most effective and secure.
Our guiding principle is to accumulate wealth steadily, adhering to the philosophy of "Get rich slowly." We employ the power of compounding by consistently reinvesting in sound opportunities to amplify our returns over time.
When considering SPI tokens, it is essential to adopt a long-term perspective, aiming to hold them for a minimum of 3-5 years. Our rationale behind this recommendation lies in the belief that substantial returns require patience and allowing investments to mature organically. By committing to an extended investment horizon, you significantly increase the probability of maximizing your potential gains. This aligns perfectly with our overall investment philosophy and strategy, ensuring sustainable growth and profitability in the long run.
Earnings are about what they have been and everything is pretty consistent. We start to see a decline in content rewards as the new SPI team structure is being rolled out. This rewards content creators for SPI and EDS to collect 50% of the content rewards as a beneficiary. I noticed this week that INCOME's dividends have increased which is awesome because when they go up, they dont go down. The current APY based on its current market value is 5.85% but ours based on our investment is 11.18% and the more INCOME increases in value and the higher its dividends get, the higher its income APY will be for us.
Earning have been consistent and thats not bad during a bear/bull market.
The price of HIVE increased a few percent this week and that results in our HBD being worth less HIVE. Our HP balance continues to decline but this week the decline was only 20 HP. The chart looks bad but the range between the top and bottom is only 1300 HP into 147k. If the chart started at 0 and not 146k, the chart would appear to be completely flat.
We've seen a few losses this week in our HE wallets. The main one being the GMLSPA token which dropped from over 4 HIVE down to 2.7 HIVE. Gaming took a massive hit this week as well, in fact, this is the second-week gaming has taken a big hit. Only 2 weeks ago, our gaming account was worth over 15k HIVE so we've seen a 30% decline in under 2 weeks. I hope this will turn around and it's just the result of a few whales dumping into the market. I have a feeling this bullrun, gaming will be the catalyst. In 2017, we had ICO's, 2021 we had meme NFTS, 2025 = Crypto Gaming?
Its been an amazing week for the crypto market and for us, BTC. We currently sitting on a $34k profit on our 1 BTC. 300% ROI in under 4 years, thank you 🥳. I wish we'd held onto some of the ETH we got for $330 back in 2020. This week, RUNE which has been mooning takes a break and takes a small dip. It's still way up on what it was only a few months ago. We seen ADA wake up and its mooned exactly 50% in 1 week pushing us to near $400 in profit from our $500 investment. We bought our ADA around 9-10 months and our up 80%.
Our non-HIVE holding have performed well this well, this can be seen in the charts above and below. Please this week, our 1 BTC is worth 114k HIVE which is around 5k more than last week. When we see 1 BTC trading for 200k, i will convert our 1 BTC into 200k HIVE and wait for HIVE to moon 🚀 I wrote a post about this yesterday, check our posts to see more about that.
We have had a great week on paper as the fund increases in both HIVE and dollar values. YTD we are up 75 in HIVE which is not alot but we were minus only 5 weeks ago so things have taken a turn for the better and I hope they continue. We might see during 2024 our non HIVE holdings such as BTC, ADA, DOGE and PEPE outperform HIVE. This will result in the price of SPI in HIVE increasing, last cycle SPI peaked out at around 8 HIVE each.
There's not much happening in terms of growth, we're pretty much just waiting now. I tried to sell some BRO tokens but for each token I list more than 20 tokens for sale, it creates a wall and after a week, the price has declined 5-10%. I think the best course of action would be to not try and sell only BRO tokens cause all we're doing is hurting our investment.
I had released a few posts talking about lottery ideas but after a few more week of thinking, i think it will be a wasted effort and the HIVE userbase is not large enough to sustain a lottery project based on selling tickets. We'll continue on with the SPI lotto as is and keep it limited to SPI Royalty members.
Thats this week's report. FYI, there are currently 700 SPI tokens listed on the exchange at 4.2 HIVE each. It's very rare to see this many tokens on the market at once so if you looking to increase your SPI stack are join us, now would be a really good time.
Dividends will be shipped out this evening. Have a great week folks.
Links to all projects under SPinvest
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS mini miners | @eddie-earner | EDSM |
| EDS micro miners | @eddie-earner | EDSMM |
| CUBlife | @lbi-token | CL |
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