Good afternoon, ladies and gentlemen. My name is Reinis Fischer, CEO and founder of TerraMatris Crypto Hedge Fund. Today is December 19, 2024. As the year approaches its end, I bring you this week’s recap from a more exotic location – the beautiful southern part of Goa, India.
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What is TerraMatris?
TerraMatris is a quantitative DeFi crypto hedge fund focusing on advanced option trading strategies, particularly in put options. Our mission is to maximize growth while minimizing risk in the cryptocurrency market. Investors can participate through our native TerraM token, available on the Raydium decentralized liquidity pool and other Web3 platforms supporting the Solana blockchain. Although our operations are primarily based in Tbilisi, Georgia, I am currently working from South Goa.
Disclaimer: Investments in stocks, funds, bonds, or cryptocurrencies are inherently risky. Please conduct thorough due diligence before investing.
Trading Strategies
At TerraMatris, our primary trading strategy involves selling one-day expiration put options or weekly credit spreads on Bitcoin and Ethereum. We also sell covered calls on established positions, including Ethereum and Solana. This week, we began adding Ripple (XRP) to our portfolio.
In addition to reinvesting premiums from options trades into crypto assets, we stake some of our coins. Currently, we are staking Raydium, Jupiter, Solana, and BBSOL. This reinvestment strategy enables us to steadily grow our basket of crypto assets, which includes Bitcoin, Ethereum, Stellar Lumens, USDC, Solana, Jupiter, PAXG, and now Ripple.
Weekly Goals and Results
Each week, we set ambitious goals. This week’s objectives included:
- Adjusting a 1.4 Ethereum short put option set to expire on December 20.
- Investing a minimum of $15 daily into crypto markets, focusing on Binance Coin (BNB), Ethereum, Solana, Toncoin, and Ripple.
Despite our efforts, the fund experienced a slight decline. The portfolio value dropped -1.8% this week, settling at $5,998.
XRP Joins the Portfolio
Ripple (XRP) is the latest addition to our portfolio. After a client’s suggestion and analysis of Ripple’s potential to reach $10 or $15 in 2025, we decided to allocate a small portion of our resources to XRP. We plan to reinvest a part of our options trade income into this promising asset and may explore options trading with Ripple in the future.
Market Trends and Technical Analysis
Ethereum remains a focal point of our trading activities. Currently trading above its 200-day moving average, Ethereum is experiencing a healthy correction. A possible support level is $3,360, with a potential test of $3,000 in Q1 2025.
TerraM Token Update
The TerraM token represents direct ownership in our fund. With only 10,000 tokens available, the current price is $2.14. We recently initiated a buyback program, increasing the token’s value and ensuring liquidity for our holders.
Swap on Raydium, ByBit or OKX.com (Solana supported wallet required)
This week’s highlights include adding Ripple to our portfolio and navigating market corrections. As always, we remain committed to disciplined trading strategies and organic growth. Thank you for following our journey.