As of April 3, 2025, the portfolio value was $5,203.01, down 15.23% from the previous week.
The week's premium reference was $52.44.
The portfolio decreased by $935.01 during the reporting period, making this one of the largest weekly setbacks recorded by the fund.
Weekly Results
Fund value: $5,203.01
Weekly change: -$935.01
Weekly growth: -15.23%
TerraM token price: $2.65
The week highlighted the downside volatility that can accompany an options-based strategy when the underlying portfolio moves sharply against existing positions.
After ending the previous week at $6,138.02, the fund experienced a significant pullback and fell back toward the $5,200 level.
Despite the decline in the underlying fund, the TerraM token finished the week at $2.65.
Market context
From March 27 to April 3, 2025, Bitcoin declined from approximately $87,217 to $83,174, or about 4.64%, while Ethereum fell from roughly $2,003 to $1,816, a decline of approximately 9.33%.
The U.S. reciprocal-tariff announcement on April 2 occurred near the end of the reporting period amid wider risk-market uncertainty. This is contemporaneous context, not proof that tariffs caused the TerraMatris portfolio result.
Bottom Line
Episode 85 marked a difficult week for Terramatris. The fund decreased from $6,138.02 to $5,203.01, losing $935.01 in value and recording a weekly decline of 15.23%.
Large drawdowns are an important reminder that strong long-term performance can still include difficult short-term periods.
The strategy remained focused on disciplined position management, options income generation and long-term portfolio growth.