How we work
A slow strategy in a fast market
Most of what is written about digital assets is written to make you act quickly. We think the opposite is usually correct, and we have built our process around waiting well.
Long horizon
Positions are sized to be held through multi-year cycles rather than traded around weekly price action. That means accepting deep drawdowns as a normal cost of participation rather than as a signal to act. It also means we would rather be early and patient than fast and wrong.
Custody before performance
The most common way to lose money in this asset class is not a bad price call, it is losing the asset. Storage, key management and access procedures are treated as a first-order concern, documented, and reviewed on a schedule rather than after an incident.
Concentrated, not scattered
We would rather understand a small number of assets properly than hold a long tail of positions we cannot explain. Bitcoin is the anchor. Anything held alongside it has to earn its place against that benchmark, in writing, before it is bought.
No leverage games
We do not borrow against holdings to manufacture yield, and we do not lend assets to third parties in exchange for a quoted rate. The returns those strategies advertise are compensation for counterparty risk that tends to become visible all at once.
What we will not do
- Quote a guaranteed, fixed or projected return.
- Approach anyone who has not asked to hear from us.
- Present unaudited numbers as if they were audited.
- Take on capital from someone who has not read the risk disclosure and understood that total loss is possible.
The full risk disclosure and legal notice sets out these terms properly. Please read it before contacting us about anything other than a general question.