OCOPS3 · EquitiesT3ConvictionKYCS 3.22
Crypto Operators 3
Three small-cap Bitcoin operators with violent beta to BTC price. IREN runs renewable-powered mining at scale. BitMine accumulates an Ethereum treasury and operates mining infrastructure. MARA is the largest publicly-traded BTC miner. All three trade more aggressively than spot Bitcoin in both directions, which is the point. Position size accordingly.
Launch NAV
31.00USD
Static reference NAV from the methodology rulebook. Live NAV, order book and depth are available on the trade view.
Family
Equities
Risk profile
Aggressive
Weighting
Liq weighted
Constituents
3
Backtest summary
350d window
Sharpe
Strong3.22
Max drawdown
−60.5%
Annualised vol
+100.3%
Beta vs BTC
0.90
Total return
+297.1%
BTC reference · Sharpe 0.33, MaxDD -76.6%
OCBE100 reference · Sharpe 0.34, MaxDD -61.1%
95% VaR
1-week−19%
1-month−32%
Max expected loss, 95% confidence, historical.
Performance across timeframes
WindowReturnSharpevs BTCAll (2y)+297.1%3.22+3.911 year+297.1%3.22+3.916 months−3.5%-0.11+0.583 months+26.9%2.95-0.78
BTC reference · all 0.33 · 1y -0.83 · 6m -0.68 · 3m 3.41 · 1m -0.21
Constituents
3 assets
Weights · sorted high to low
| Symbol | Weight |
|---|---|
| IRENon | 40% |
| BMNRon | 30% |
| MARAon | 30% |
Further reading
Tokenized-equity trading
Single stocks route through Dinari, ETF coverage through Backed Finance, settling on Base once KYC clears. The live execution surface for the equity family arrives with v2 of OLTA · composition, backtest and NAV above reflect the current methodology.