Principles Controlled Outcome The Strategy Founder Story Contact Us
Bolt Crypto LP

Protect the downside.

Keep the upside.

A Structured Bitcoin Strategy

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Core Principles

Win by Losing Less.

Our strategy is structured, disciplined, and designed to preserve capital while capturing Bitcoin’s long-term appreciation.

Capital Preservation — protective puts offset market downturns
Generating Yield in Down Markets — opportunistically buying dips with put proceeds
Regulated Counterparties Only — institutional-grade execution and custody
Transparent Fund Administration — independent NAV, monthly statements, full K-1
Controlled Outcome

Your Bitcoin lives inside a band.

Every position is wrapped between two agreed prices: a floor that protects it if the market drops, and a cap that pays for that protection. Inside the band, Bitcoin does what Bitcoin does — without the catastrophic outcomes.

$130K $120K $110K $100K $90K $80K CAP · $125,000 Agreed sell price if it rips higher FLOOR · $88,000 Your protection if it drops PROTECTED ZONE ₿ $99K
The Strategy

Volatility is a feature, not the flaw.

The band is built in three moves — executed as one structure, at zero net cost.

Step 01
Long Bitcoin

Own Bitcoin directly through institutional rails. The core position participates in upside through the cycle.

Step 02
Buy Insurance

Put options define the downside over the hedge period — reducing drawdowns and generating liquidity in selloffs.

Step 03
Sell Upside

Selling upside finances the insurance — capping a portion of upside in exchange for a defined risk band. The cost of the floor is disclosed upfront.

Founder Story

A fund built on accident.

Jim Brumbaugh, General Partner of Bolt Crypto LP
Jim Brumbaugh
General Partner — Bolt Crypto LP

I hated Bitcoin. I hated hedge funds.
I was looking for a safe way to invest.

From Skeptic to Believer

In late 2021, I received a bonus and wanted a smarter way to invest it. The S&P 500 had surged nearly 90% over the previous three years, and I was concerned about a potential pullback—but I also didn’t want to sit in cash and miss out.

That search led me to a strategy I had long admired: the collar. Buy downside protection. Sell some upside to offset the cost. Define your risk upfront instead of guessing market direction. It was disciplined, straightforward, and didn’t require pretending to know where the market was headed.

The question then became: what asset? After considering traditional options, I kept coming back to Bitcoin.

At first, I was skeptical. Bitcoin was extremely volatile, the crypto space felt chaotic, and I had dismissed it for years. But the more I studied its potential in a collar strategy, the more sense it made. Bitcoin’s sharp drawdowns made protection valuable, while its upside potential made the structure compelling. For the first time, I saw a way to invest in Bitcoin without simply hoping I could stomach the rollercoaster.

Turning an Idea into a Fund

Executing the strategy in 2021 wasn’t easy. Spot Bitcoin ETFs didn’t exist, listed options were limited, and the exchanges for retail investors were mostly offshore. After multiple conversations, I realized I needed a formal structure. What began as a personal investment became an LLC.

A year later, friends who saw what I was building asked to invest alongside me. That’s when everything changed. I committed to doing it properly—hiring strong legal counsel, bringing in an independent fund administrator, and building professional reporting and transparency from day one.

Since then, the Bitcoin ecosystem has matured significantly. Today, we partner with institutional-grade custody, administration, and trading firms that strengthen our operations and our investors’ confidence.

Built to Protect First

Bolt Crypto was founded on a simple conviction: investors deserve a disciplined way to access Bitcoin’s upside with real downside protection.

We don’t try to time the market or make heroic predictions. We use structured collars to define risk clearly, protect capital, and let disciplined compounding do its work over time.

Bitcoin will always be volatile. That’s both the risk and the opportunity. Our job is to respect both—by putting capital protection first.

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