Monday Bitcoin

Thesis

Build a Bitcoin holding through weekly purchases of UBTC on Hyperliquid, benefiting when Bitcoin rises.

Strategy

• Monday buys: Buy spot Bitcoin (UBTC) once each Monday in UTC, on the first run that day. • Size: Spend 10% of remaining allocated USDC each Monday by default, raised to cover Hyperliquid's $10 trade minimum and order rounding. • Hold: Keep purchased UBTC without automatic selling; weekly purchases continue until stopped.

Exposure

• Holds: UBTC and USDC — Hold Bitcoin represented on Hyperliquid and unspent USDC. • Venue: Hyperliquid spot — Allocated USDC and purchased UBTC stay on HyperCore. • Leverage: None — Buy UBTC outright without borrowing. • Costs: Spot trading fees — Pay Hyperliquid trading fees on UBTC purchases, with no funding fees. • Data: Circuit — UBTC prices determine the minimum purchase size. • On unwind: UBTC and USDC — Stopping ends purchases and leaves both tokens on Hyperliquid.