Very nice performance!
But there are a few things I don't understand:
1. You said you will sell 10000 shares after each report. But where were they after this one?
2. You say the current NAV is 132.65006235 BTC. But you pay 2.55004676 BTC of this as dividends. So the actual NAV should be: NAV End - Management Fee - Dividens: 129,9640131 BTC. Am I thinking wrong?
3. Could you please provide NAV/Share in the short summary? With this Information it is much easier to compare the actual price on Bitfunder to the NAV.