With the price of shares of AM so closely tied to the btc/fiat rate, it is becoming difficult to calculate the correct ROI, and to determine if it is in fact positive.

At $90 per bitcoin, AM shares averaged around 4.5 each. 4.5 * 90 = $405.

At $120 per bitcoin, AM shares averaged around 3.3 each. 3.3 * 120 = $396.

At $130 per bitcoin, AM shares average around 2.9 each. 2.9 * 130 = $377.

Today:

At $140 per bitcoin, AM shares average around 2.5 each. 2.5 * 140 = $350.


This apparent loss of fiat purchasing power as the price of btc increases may be replaced by the dividends. They are only a few dollars at best per week, but  there are multiple dividends per price period so the accumulation of dividends might offset most of it. Of course, there are other factors such as other IPO, breaking news, FUD, etc. But a clear pattern is establishing itself. Could it be possible that, just like buying an asic (in most cases anymore), you are better off just sitting on your BTC than you are in investing? Help me out here and show me what I am missing.