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If you like Ethereum, you'll love this.
My favorite investment (not trade) for 2022 is Ether Capital (TSX: ETHC.NE) which has gotten a bad rap as the $MSTR of $ETH.X. It's much more.

Ether Capital holds 43.5K ETH in a public investment vehicle, and stakes 10% of its holding. It also holds $MKR.X and a small position in Wyre. Vs Microstrategy which has a legacy shrinking business, Ether Capital is a pure play holder and staker of Ethereum.

Best of all is the sum of the parts analysis:
43.5K ETH * $3,858 = $168M
2.3K MKR * $2,532 = $5.8M
(+) Wyre investment at cost of $1.9M
(=) $176M total holdings. Current Market cap is $163M and there will be a 5.2% staking yield akin to a dividend.

Most impressively, company has been public since 2018 and has persevered through crypto winter.

Investor presentation below:

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Joey Hirendernath's avatar
Hi, I had a question in relation to this memo. What is the benefit of holding something like this as opposed to ETH itself?
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