Three friends.
One fund.
JRP is a micro-fund built in the open. We pool capital, hunt for asymmetric upside, and track every move — live.
What we're holding & watching
Core long-term accumulation sleeve. Jun 2026: ~$60–63k — ~50% below the Oct 2025 ATH (~$126k) and -22% off May highs, amid a record 13-day / $4.4B US spot-ETF redemption streak. Structural bid intact (ETFs hold ~6.5% of supply; on-chain top-signals quiet). This dip is opportunity OR falling-knife by horizon — size to survive another 50%+ drop. Even aggressive institutional guidance caps crypto near 4%.
AI / data-center GPU leader. Added to the book Jun 2026; deep research pending.
Lidar sensor maker (automotive, industrial, robotics) — speculative small-cap. Added Jun 2026; research pending.
High-variance turnaround / option-like. Q1'26 sales tripled to $177.6M (+232% YoY) with first operating profit and record $9.1M adj. EBITDA — BUT ~100% of revenue is one related party (Trina), $147M quarterly cash burn ($46.4M unrestricted left), needs ~$225M to finish G2 Austin, a Jun 17 vote to DOUBLE authorized shares to 1B, contested 45X/FEOC eligibility (Culper short), and Trina just sold ~$190M of stock. Real value-trap risk — size like a call option you can lose entirely.
Holdings and theses shared for transparency. Nothing here is investment advice.