I took a little more conservative approach w.r.t. the fund asset...

I took a little more conservative approach w.r.t. the fund asset value as it has not been clear to date the difference between the appreciated value of the seeded BTC and earnings/performance fees from client portfolios (including number and forecast membership growth). As a LTH since 2017 I'm also a little jaded in how I'm viewing this as like many others, we've been hopeful DCC SP uncouples itself from the BTC price via sustainable revenue development, which obviously has not gone well in the last few years. Saying all that, I prefer the company reinvents itself as a quasi BTC ETF/LIC if it means I salvage anything from this investment!