JL Capital
We manage US$45 million in Bitcoin and Ethereum. Since 2021 the fund has compounded at 76.9% annually with a worst quarter of −6.5%. We publish weekly market calls to 300,000 investors on Yuanziguan.
Who we are
We are a systematic crypto investment firm focused on consistent, risk-adjusted returns. We pair institutional research discipline with deep community reach to give investors a clear, professional path into digital assets. We are building a 20 MW natural gas power and compute site in Texas.
How we think about risk
Drawdown is the thing that kills compounding. Protect capital first, participate fully in upside phases, and let compounding work over time.
What's next
We are building a 20 MW natural gas power and compute site near Odessa, Texas.
The JL Signal
The JL Signal is a daily number between 0 and 1. It reads 25 indicators across momentum, holder supply, macro liquidity, and sentiment. Zero means add exposure. One means cut it.
Counter-cyclical
The Signal buys when prices fall and trims when they rise. The system runs without manual override.
Regime-aware weighting
Allocations adjust based on on-chain data and capital flow conditions.
Drawdown constraint
Maximum quarterly loss is a hard limit in the system, not a guideline.
Q4 2025 Strategy Performance
Password protected. Request access at jo@jl.capital.
Core Team
Frequently asked questions
What is JL Capital?
A Singapore-based crypto fund managing US$45 million in Bitcoin and Ethereum. Founded 2021.
Who founded JL Capital?
Atom Liang and Joseph Purdy started the fund in 2021. Atom Liang leads strategy and external relations. Joseph Purdy runs the portfolio and builds the signal system.
What does JL Capital do?
We trade Bitcoin and Ethereum using a quantitative signal system, publish market insights to 300,000 investors, and are developing a natural gas power and compute site in Texas.
What is the JL Signal?
A daily number between 0 and 1. It reads 25 indicators across momentum, holder supply, macro liquidity, and sentiment. Zero means add exposure. One means cut it.
How has the fund performed?
Since 2021 the fund has compounded at 76.9% annually, with a Sharpe ratio of 2.22 and a worst quarter of −6.5%.
Where is JL Capital based?
Singapore, with a second office in Hong Kong.
What is Yuanziguan?
Our investor community. 300,000+ investors follow our weekly market calls through Yuanziguan.
What is the Texas Independent Power Center?
Natural gas power generation for AI and high-performance compute near Odessa, West Texas. Stage 1 is 20 MW.
How do I get the quarterly report?
Quarterly reports with full attribution are available on request at jo@jl.capital.
Is JL Capital the same as JL Capital Group?
No. JL Capital at jl.capital is a Singapore crypto fund. Not affiliated with JL Capital Group in the US or JL Capital in Hawaii.
Get in touch
Weekly insights and quarterly performance reports available on request.