Research Analysts) are registered representatives of IRC Securities, a FINRA member firm registered as a broker-dealer with the Securities and Exchange Commission and certain state securities regulators. IRC Securities is a FINRA registered broker-dealer that is focused on supporting the independent research industry. While past performance is not indicative of future results, OTC presents a unique opportunity to buy into a high-growth industry at a discount.įSInsight is an independent research company and is not a registered investment advisor and is not acting as a broker dealer under any federal or state securities laws.įSInsight is a member of IRC Securities’ Research Prime Services Platform. Its innovative approach has a proven track record and a model that is difficult to replicate due to the Company’s crypto expertise and deep industry relationships. Key Risks: Industry relationships deteriorate, the market to acquire BTC at discounted prices becomes crowded or disappears for regulatory or economic reasons, increased competition from other digital asset investment firms decreases alpha derived from its strategy, changes in the regulatory climate that impede the progress of the crypto industry and/or the ability to invest in cryptoassets (Slide 19).īottom Line: OTC provides institutional investors access to a unique digital asset investment solution.Since inception, the Fund has outperformed both the S&P 500 index and Bitcoin (Slide 14). The OTC approach has resulted in a portfolio of investments across different areas of the crypto industry (Slide 13). The OTC strategy has resulted in a blended portfolio demonstrating historical outperformance.OTC leveraged its industry knowledge to acquire said bankruptcy claims via the Fund and procure BTC at an estimated 46% discount to market prices (Slide 12). Gox, an early crypto exchange that was hacked and drained of its custodied cryptoassets is currently subject to bankruptcy proceedings.
Currently, the most commonly available strategies include trusts (e.g., Grayscale), index funds (e.g., Bitwise), hedge funds (e.g., Arca), and venture funds (e.g., a16z) (Slide 4). As digital assets emerge as a standalone asset class, institutional investors will look to gain an edge via unique investment strategies. In 2021, the total crypto market cap surpassed $2 trillion, and recent data suggests that there are over 100 million cryptoasset users globally (Slide 3).
OTC leverages industry relationships to acquire shares in late-stage private blockchain companies at early-stage valuations and uses innovative methods to source Bitcoin at discounted prices. Off The Chain Capital, LLC (“OTC,“ or the “Company”) is a value-oriented investment manager that invests in digital assets and blockchain companies.
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