Mar. 16 at 11:31 AM
$DXYZ In the fourth quarter, Destiny Tech increased the NAV by 76%. With a couple of weeks left in the quarter, if they did the same thing, on January 1, DXYZ was
$30.63. A 21% move up from here is needed to be flat on this quarter. The whole point of launching this ETF was to show value in SpaceX but also to build the
$QQQ of Private Companies. They need to own 100 companies eventually and the sale of SpaceX shares will fuel that when it IPOs. April likely begins the quarter where SpaceX announces when it will be.
The more people that buy DXYZ, the more it squeezes higher. By the IPO, the NAV will be at Par and when SpaceX IPOs, this ETF will go up 300-500%, or more. It’s what it did two years ago. It’s a closed end Fund and when shares are scarce, it squeezes.
In the earning report, it’s obvious they are hyper aware of the NAV. It will improve. Price goes UP. This might be one of the easier stocks to create a squeeze.
End of Thesis.
