MPOE, January 2013 Statement

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Operational results, MPOE

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Overall trade 190`817<sup>i</sup> contracts, of which -52`388 +32`602 CALL, -55`323 +50`504 PUT.

Revenue : 47`422.21801302 BTC, of which :

• contracts sold : 46`502.03240885 BTC
• contracts exercised : 920.18560417 BTC

Expenditure : 43`617.49357386 BTC, of which :

• contracts bought : 37`539.34320102 BTC
• contracts exercised : 3.49011384 BTC
• capital expenses : 6`074.660259 BTC (60`807.41ⁱⁱ × 9.99%)

Profit : 3`804.72443916 BTC

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Operational results, MPEx

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Revenue : 1`301.60848092 BTC, of which :

• Revenue from sales fee : 321.60848092 BTC (Total trade : 160`804.24046266 BTC)
• Revenue from new accounts : 980 BTC

Expenditure : 44 BTC, of which :

• Advertising, 10 BTC
• ROTA, 6 BTC
• PR, 28 BTC

Profit : 1`257.6084809 BTC

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Shareholders table

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Total shares : 1`000`000`000, of which :

1. Mircea Popescu, 899`739`212 shares,
2. Third parties 100`260`788 shares.

Total dividend : 5`062.33292006 BTC.

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Bondholders table

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Total capital : 60`807.41, of which

1. 198xX3n8ov4ejgEsWjt3SpPRkDuieL3EHA 120.00000888
2. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8 4`478.46233504
3. 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq 100.00000888
4. 16yqE5GW2iLnXvCX3SHe6r5UbRFAuARond 2`261.23910617
5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW 3`708.33297766
6. 1CqQiHmp2T3TWXZx3J7yueDxH5rVnZ9A94 1`726.89016169
7. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm 1`904.91150845
8. Mircea Popescu 46`507.57389323

Loss applicable to bond capital : 0 BTC
Loss per BTC : 0.

MPBOR valid January 26th through February 22nd, 2013 : 9.99%.

Final bondholder list :

1. 198xX3n8ov4ejgEsWjt3SpPRkDuieL3EHA 120.00000888
2. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8 4`478.46233504
3. 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq 100.00000888
4. 16yqE5GW2iLnXvCX3SHe6r5UbRFAuARond 2`261.23910617
5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW 3`708.33297766
6. 1CqQiHmp2T3TWXZx3J7yueDxH5rVnZ9A94 1`726.89016169
7. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm 1`904.91150845

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Miscellaneous

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1. We've lived and survived through a turbulent month reminiscent of August past. Unlike that time some BTC was made, some was lost. MPOE bot came out ahead.

2. The non-DIFF, IMM dates settled futures are going away. There's currently nobody holding as much as a single contract, there hasn't been a single trade against the entire lot of them in a month (more, really). They just make no sense, financially or economically : on one hand they reflect a divestment from BTC, and nobody in BTC wants to divest BTC, on the other hand they reflect an investment in the commodities of the real world, and nobody really gives a crap about those. Moreover, the BTC/USD signal is much stronger than whatever weakly movement they may have of their own, so to most everyone it makes better sense to simply get PUTs. C'est la vie.

3. I'm pretty sure MPEx killed the rally. Hate it or love it, c'est la guerre.

4. Single day volume almost 75k BTC. It happened in January. I couldn't believe my eyes either.ⁱⁱⁱ

5. Quoth one confused trader,

Why every month there's someone sell s.dice at very low price? It's so bizarre.

What shall I tell him ?

———

1. A record, certainly. [↩]
2. Another record. In fact, pretty much everything on this sheet is a record. [↩]
3. That same day the other Romanian stock exchange did something like 480k BTC. You can check their reports yourself, right here. I wonder if they're ashamed at all, or will even know what hit them, come 2015 or so. [↩]