Crypto Stock Leaders

Thesis

Crypto-linked stocks with the strongest weekly returns can keep leading; holding the top two seeks to capture that momentum.

Strategy

• Leaders: Each hour, rank COIN, MSTR, HOOD, CRCL, BMNR and IREN by returns over seven completed UTC days and buy the top two. • Rotation: Hold longs while they stay in the top two; sell those that drop out and buy replacements, even when the leaders have negative returns. • Sizing: Start with equal entry budgets and target 1x total exposure; let weights drift and raise small buys to the $10 order minimum.

Exposure

• Holds: Crypto-stock longs — Perpetual contracts tracking COIN, MSTR, HOOD, CRCL, BMNR or IREN, plus USDC collateral; no company shares. • Venue: Hyperliquid XYZ — Trades XYZ stock contracts on Hyperliquid, where the USDC collateral stays. • Leverage: 1x exposure target — Up to half the allocation per new long, with small orders raised to the venue minimum. • Costs: Trading and funding — Pays Hyperliquid trading fees and ongoing funding payments. • Data: Circuit — Uses prices, daily price history and market details for the six crypto-linked stock contracts. • On unwind: USDC — Closes the stock contracts and leaves USDC on Hyperliquid.