REJECTEDWALL #146

Sam Ikkurty

Posted April 14, 2026
PERMANENT LINKcftcsucks.com/146
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Five bullet Friday - issue #113
Dear Partners,
All of you should have received the statements for the month of September. I am delighted to announce
that we have sent out the distributions for the month of September. Based on what I am seeing so far,
October month is looking very good.
1. SEC approving a bitcoin ETF shows that they are open to this emerging asset class. Houston Firefighters
Pension Fund Makes Bitcoin, Ether Purchase. A pension fund for firefighters in Houston has made a purchase
in bitcoin and ether facilitated by bitcoin investment firm NYDIG. The Houston Firefighters’ Relief and
Retirement Fund’s (HFRRF) purchase marks the first time a public pension plan in the U.S. has announced an
investment in digital assets, according to an announcement Thursday.
2. I have been disappointed with the growth of Synthetix token. I was expecting the futures trading launch but
so far has not happened. I have paid off the outstanding debt in Synthetix and unlocked our tokens. This helps
us to sell a portion of the tokens while holding an additional 250,000 tokens in the escrow. This helps to
mobilize some cash to purchase more attractive options in the current market.
3. KLIMA protocol gets me very inspired for the planet. Marc Cuban announced that he is a big investor in
the Klima token. (check from 27:28 section of this Podcast). Any investment we make not only helps the
planet by driving out the polluters and makes us money. We are currently offering a yield-bearing asset, called
Carbon Offset Bond (COB) as a new product to the partners in the fund. This is a secured promissory note,
that purchases Base Carbon Tons (BCT tokens ) with the dollars received from the savers. Today the price of
1 base carbon ton is close to $10. Therefore, if we receive $100,000 from an investor, we will purchase
10,000 tons of BCT tokens and bond them in KLIMA.
4. It is possible to buy these Base Carbon Tonnes from two popular registries called, Verra.org and Gold
Standard. They source the carbon offsets from various projects that are planting forests in Amazon and
launching sustainable projects. We will be using Verra registry to purchase carbon offsets and bond them with
KLIMA project. The below image shows how much Carbon dioxide is removed from one single carbon offset.
5. These carbon offset bonds pay an annual interest of 18% paid on a monthly basis. Every $100,000 COB
produces $1500 of monthly income via post-dated checks. If you are an institution you can hold these Carbon
offset bonds, on your balance sheet to offset your carbon emissions. It shows to your stakeholders your
commitment to reducing your carbon footprint. These bonds are backed by BCT tokens, whose price is only
destined to go up. So the collateral backing the bonds is always going up.
Have a wonderful weekend!
Sam Ikkurty
Managing Partner
Published on samikkurty.com | Rose City Investment Fund | CFTC Case No. 1:22-cv-02465 (N.D. Ill.)

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Posted2026-04-14T08:13:37.000Z
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