On December 28, 2023, the portfolio closed at $380.09, up $40.85, or 12.04%, from $339.24.
The portfolio was approaching $400, but the more interesting backdrop was Ethereum’s late-December strength while the strategy continued to compound through documented Ethereum-options activity and reinvested profits.
Market context
From December 21 to December 28, Bitcoin moved from roughly $43,869 to $42,628, while Ethereum rose from around $2,236 to $2,383. ETH’s catch-up move coincided with positioning ahead of expected January catalysts, including Dencun-upgrade progress and the anticipated spot-Bitcoin-ETF decision.
TerraM was unchanged around $0.86 and remained separate from portfolio NAV.