04INVESTMENTS
Capital is
a choice.
Four allocation categories. Each one holds a written thesis, a horizon, a risk profile, and a defined share of capital.
01Allocation
Portfolio structure
Shares are placeholders. Reported at each period close.Fig 1. Relative allocation, illustrative. Bar widths are indicative only.
02Categories
BITCOIN
ALLOCATION XX.X%
ACCUMULATINGPrimary strategic allocation. Held as the company reserve asset.
[-]Horizon — Multi-cycle
[-]Risk profile — Structural volatility, custody
[-]Reporting — restated at each period close
PUBLIC MARKETS
ALLOCATION XX.X%
ACTIVEConcentrated positions in listed equities where the thesis is misread by the market.
[-]Horizon — 2–5 years
[-]Risk profile — Market, single-name, liquidity
[-]Reporting — restated at each period close
DIGITAL ASSETS
ALLOCATION XX.X%
SELECTIVESelective exposure beyond Bitcoin, only where the thesis is independent.
[-]Horizon — 1–3 years
[-]Risk profile — Protocol, liquidity, regulatory
[-]Reporting — restated at each period close
SPECIAL SITUATIONS
ALLOCATION XX.X%
OPPORTUNISTICEvent-driven and opportunistic positions with defined catalysts.
[-]Horizon — Event-driven
[-]Risk profile — Execution, timing, illiquidity
[-]Reporting — restated at each period close
03Holdings register
Individual positions
Published positions appear here once disclosed. Placeholder rows shown.| POSITION | CATEGORY | ALLOCATION | ENTRY | HORIZON | STATUS |
|---|---|---|---|---|---|
| BTC | Bitcoin | XX.X% | €XX,XXX | Multi-cycle | OPEN |
| — | Public markets | XX.X% | — | 2–5 years | UNDISCLOSED |
| — | Public markets | XX.X% | — | 2–5 years | UNDISCLOSED |
| — | Digital assets | XX.X% | — | 1–3 years | UNDISCLOSED |
| — | Special situations | XX.X% | — | Event-driven | UNDISCLOSED |
The register is structured so that individual positions can be published without restating the page.