Strategy 02

WayUP Capital TOP100

Actively managed active long-only TOP 100 strategy

Strategy 2 is the more dynamic part of the WayUP fund. It holds a selection of cryptocurrencies from the top 100 by market capitalisation, in spot form. The core of the portfolio usually sits in the top 20. When the market shifts into a RISK-OFF phase, it moves into cash (USDC). No leverage. No derivatives.

Track record 1/2024–7/2026 (reconstruction)

Strategy return

+1,122.9%

1/2024–7/2026, passive BTC +51.2%, i.e. roughly 22× higher return (before fees). 2024 +719.26%, 2025 +49.27%, 2026 in cash (USDC). After fees (2% + 20%) +798.0%.

Maximum drawdown

−23.6%

Passive BTC holding declined by −53.1% over the same period

CAGR

+159.8%

Volatility 43.7% p.a.

Decision process

Eight layers behind every decision

A similar process to WayUP Capital BTC, extended by methods for selecting individual crypto-assets. If the setup for BTC is not favourable, we do not enter other crypto-assets.

We hold only a few positions we understand in depth. If the thesis fails at any layer, the capital we manage stays in cash (USDC).

01
Macroeconomic conditions
The availability of money in the economy opens room to enter the market, while its shortage is a signal to exit and move into cash (USDC). We work with indicators that give us an advance read on changes in the volume of money available in the economy.
02
State of BTC
The entry condition for the whole strategy. Without a positive outlook for BTC, the rest of the crypto-asset market has no support.
03
Capital rotation
We track where money is flowing in and out of, i.e. which sectors are strengthening (we buy) and which have already peaked (we sell).
04
Potential relative to BTC
We invest only in opportunities with a materially better potential-to-risk profile than BTC itself offers. Once that potential disappears, we close the position.
05
Tokenomics and token unlocks
Healthy tokenomics is a reason to hold a position. Unlocking large volumes of tokens allocated to founders and members of the delivery team is a reason to reassess it.
06
Liquidity and market standing
We hold only crypto-assets that can be sold at any time and that represent genuinely unique projects or projects with a lead over the competition.
07
Timing
We track the price band a crypto-asset is in. That tells us whether it is an accumulation band, where large institutional investors are buying, or a distribution band, where they are selling. We time our steps accordingly.
08
Execution and position management
The crypto-asset market outside BTC is more dynamic and its swings are worth using actively. We therefore buy and sell positions more frequently here. Carefully selected positions are left to run. We exit open positions into cash (USDC) ahead of the top and a change in market conditions.

Risk management

Maximum drawdown of the WayUP Capital TOP100 strategy to date

The difference between simply holding crypto-assets and actively managing them shows up most clearly in the depth of the drawdown. It is not only about how much unrealised profit an investor builds during the growth phase, but above all about how much of it they actually keep — and whether they exit the market at the right moment.

Basket of 11 altcoins (excl. BTC/ETH/SOL)¹−79.5%
ETH + SOL basket−58.2%
BTC (passive)−53.1%
WayUP Capital TOP100 strategy−23.6%
WayUP Capital BTC strategy−20.7%

Our active management fell 2.5× to 3.5× less than the market.

¹ Real daily prices, period 1/2024–7/2026 (basket peak 12/2024). Basket = equally weighted 11 largest crypto-assets excluding BTC, ETH and SOL (XRP, ADA, DOGE, AVAX, LINK, DOT, LTC, BCH, XLM, HBAR, ATOM). Average maximum drawdown −79.5%.

CAPITAL PROTECTION

Security above all

The management of investments is set up so that we cannot, in the ordinary course, unilaterally transfer crypto-assets outside the secured infrastructure of the Coinmate platform.

Crypto-assets cannot ordinarily be withdrawn directly

A special security mode is set on our account blocking standard withdrawals of crypto-assets to external wallets. A direct withdrawal of crypto-assets is possible only in a wholly exceptional situation defined by the custody agreement between the manager (us) and the Coinmate platform, and requires both:

a) a written request from 2 executive directors of the manager with a detailed justification of the situation,
b) subsequent manual approval by an authorised person of the Coinmate platform.

We handle crypto-assets on the Coinmate platform

All crypto-assets are always held in custody with the Coinmate platform.

Standard exit only via bank account

The ordinary way of paying out an investment is the sale of crypto-assets for fiat currency on the Coinmate platform and the subsequent withdrawal of fiat to the manager's verified bank account. Only from there does the manager pay the redeemed investment directly to the investor in line with the contractual documentation.

IDEAL INVESTOR

Who the strategies are designed for

An investor with no time for their own analysis

They have neither the time nor capacity to continuously analyse individual projects and the whole market, but want professionally managed crypto-asset exposure in their portfolio.

An investor whose portfolio lacks a high-potential component

They are looking for a riskier component with a higher return potential.

An experienced investor looking to complement their approach

They already hold crypto-assets and want to complement their own approach with an actively managed strategy.

INFORMATION

Key facts

Portfolio: A narrow selection of crypto-assets from the 100 largest by market capitalisation, TOP 20 core, plus cash in USDC.
Iron rule: Total exposure never exceeds 100% of NAV; no leverage and no shorts means no forced liquidations in a crisis.
Turnover: More active than the BTC strategy: positions are bought and sold more frequently, but the entire capital moves into USDC only when the market regime changes.
Position liquidity: We hold only crypto-assets that can be sold at any time; the number of positions is deliberately low.
Custody: Licensed exchange Coinmate (MiCA CASP) with segregation of client assets.
Decision-making: Investment decisions are made jointly by Dominik and Daniel Škarka; a position is only taken when both agree.

TERMS

Entering the fund

Fees: 2% p.a. management + 20% performance fee above the high-water mark.
Minimum subscription: EUR 125,000 (can be split between both strategies).
NAV valuation: Monthly, as of the last day of the month (indicative).
Liquidity: Subscription any time during the year after verification; redemption once a year, request by 15 December, payout by 15 January in USDC.
Reporting: Monthly report within 15 days of month end: fund NAV, Series NAV, unit value and current HWM.
Structure: Alternative fund under Section 15 of ZISIF (series), managed by Strategic Hedge Capital osoba rizikového kapitálu s.r.o. Everything in USDC.

Detailed materials

Information for qualified investors

The detailed track record, methodology, due-diligence materials and current strategy facts are provided on an individual basis after verification of qualified investor status.

Fill in the short form or write to us directly, our team will get back to you with the complete materials and answer your questions.

Or write to us We usually reply to emails within 24 hours.

Intended exclusively for professional and qualified investors. This is not an offer or public promotion of an investment instrument. The track record is a reconstruction from real daily closing prices, not an audited account statement. Past performance does not predict future returns. Crypto-assets are highly volatile and a total loss of the investment is possible.