Welcome to the weekly SPI Report
Each Sunday, 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.
This week's earnings took a small hit from HIVE SQL being down and leo.voter being down as a result. Overall, incomes were not down alot, maybe 15%. Content rewards were good and everything else was about the same.
From what is see, LeoFinance has created its own SQL to fix this problem but the better news is HIVE SQL will be back up and running within the next few days. We'll see how LEO SQL will perform over the next week and fingers crossed our incomes are back to normal next week.
HIVE POWER balance dropped by 2 HIVE this week, I mean COME ON!!, give us a break! We're getting closer to breaking even with EDS but it might take some more time.
The price of HIVE increased a little from last week so our HBD is down some but not a huge amount.
Gaming assets increased this week and were back into solid 5 figure HIVE numbers. Everything else is about the same as last week, ALPHA token increased by about 30% which was expected after a big dip last week. XV tokens are performing well for us and we continue to add little and often to our EDS and DAB stacks.
It's been a great week for our crypto holdings. BTC, ETH and RUNE are up big and everything else is up a few percent. You can see in the above charts our non-HIVE holdings have been performing very well for the past 4-5 months.
Every week i mention the BTC to HIVE ratio and this week 1 BTC gets 159k HIVE, up 9k HIVE from last week. We only need it to increase another 20% to reach our target of 1 BTC to 200k HIVE.
We finish this week plus in both HIVE and dollars which does not happen very often. From YTD we have had fund growth of 23.67% and as long as we can hold are increase this, we will finish the year well in 12 weeks time.
If our non-HIVE assets continue to outperform against HIVE, we can expect the HIVE value of SPI tokens to continue to increase. We started to year with a SPI price of 3.79 and sit on a price of 4.91 today.
SOME SAD NEWS
For those not aware, we've lost one of our most solid OG SPinvesters. sadly passed away 2-3 days ago. He was always a strong supporter of everything under SPinvest, he stayed on top of reports, asked good questions and was active within our eco-system. I was not aware of his health problems, he never spoke about them and only last month, we were chatting and he was still planning out 10-15 years. RIP big man! I'll miss your comments.
See this post from for full details.
Links to all projects under SPinvest
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | SPI | |
| LBI token | LBI | |
| Top XV token | XV | |
| Eddie Earners | EDS | |
| EDS mini miners | EDSM | |
| EDS micro miners | EDSMM | |
| DAB | DAB | |
| DBOND | DBOND |
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