Monthly Commentary
Our Bitcoin holdings increased to 3.30BTC . For most of the month the treasury was performing well - borrowing on Zest at under 2% and looping on Kamino (Solana) and APYX/Saturn (Ethereum) for 15-25% apy. Late May/early June a falling Bitcoin price and high STRC token looping rates put our highly geared treasury under pressure and we returned funds back to Zest to reduce leverage.
May was the first time we experimented with our new real world asset vault (NastyFR) and despite the volatility we gained good results/experience and look forward to growing it into a reliable source of cash flow for Bitcoin accumulation and opex costs.
Our STX/stSTXsbtc looping strategy continues to generate around 330,000 sats every 2 weeks (down from 600,000 since the STX halving).
We continue to receive dual stacking rewards paid in sats for the 3.3BTC we have on Zest.
AS per the chart below we have earned 12.5M Sats since dual staking rewards started on Stacks.
