Good morning, ladies and gentlemen! My name is Reinis Fischer, CEO and founder of TerraMatris Crypto Hedge Fund. Today is January 16, 2025, and I’m reporting from my favorite spot in Tbilisi, Georgia, from the iconic Axis Towers. Joining me is my friend Dino in the background, as we dive into another weekly recap of TerraMatris’ crypto hedge fund activities.
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This past week has been exciting, volatile, and filled with significant milestones. Before delving into the details, let me briefly introduce TerraMatris and what we do.
TerraMatris is a quantitative DeFi crypto hedge fund that specializes in advanced options trading strategies. Our primary focus is on selling put options to maximize growth and minimize risk in the cryptocurrency market. Investors can get involved by acquiring our native TerraM token (TERRAM) through the Raydium decentralized liquidity pool on the Solana blockchain. To do so, you’ll need a Solana-powered wallet and some SOL tokens.
Swap on Raydium, ByBit or OKX.com (Solana supported wallet required)
Disclaimer: Investments in cryptocurrencies carry risks. Always do your own due diligence before investing.
At TerraMatris, we:
- Sell short-term (1-day or weekly) put options and credit spreads on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
- Reinvest options premiums back into crypto assets.
- Maintain a diversified portfolio that includes Bitcoin, Ethereum, Solana, Toncoin (TON), TokenFI, and others.
- Stake select tokens, including airdropped coins, to generate additional yield.
Our investment strategy is designed to achieve consistent growth while managing risk. For example, we’ve developed a dollar-cost averaging strategy to smooth out volatility. This week marks week 74 since the fund’s inception, and we continue to invest a minimum of $15 daily into spot cryptocurrencies.
This week, our focus was on ETH, SOL, TON, and TokenFI. While I remain bullish on Ethereum, Solana, and Toncoin, I’ve decided to limit our TokenFI investments. We aim to hold 3,000 TokenFI tokens before shifting our focus to more established assets.
Weekly Performance
Despite a challenging start, we saw a remarkable turnaround. Here’s a quick overview:
- Fund Value: $5,969
- Weekly Growth: 3.04%
- Drawdown: -2.27% from the all-time high of $6,100 in December 2024
Our current open options positions include:
- A cash-secured put on Ethereum (strike price: $3,600, expiring January 31)
- Covered calls on BTC, ETH, and SOL (expiring January 31)
Market Trends and Technical Analysis
The crypto market has been trading near the 50-200 day moving averages. Last week was particularly volatile, with Ethereum briefly breaking below $3,000 before recovering.
While the market remains uncertain, we continue to monitor key support and resistance levels, especially as Ripple (XRP) gains momentum amidst ongoing legal developments.
TerraM Token ($TERRAM) Update
Our native TERRAM token’s fully diluted market cap stands at $22,000, with a total supply of 10,000 tokens. The current price per TERRAM token is $2.21. For larger investments (50+ tokens), we recommend direct OTC transactions to avoid slippage.
As the fund grows, we’ll initiate a buyback and liquidity program. Once we hit $6,500 in total value, we’ll allocate $100 towards liquidity and buybacks, further strengthening TERRAM’s value.
Swap on Raydium, ByBit or OKX.com (Solana supported wallet required)
Thank you for joining me this week. TerraMatris continues to grow steadily despite market volatility, and I’m optimistic about breaking new all-time highs in the near future. If you have any questions about our strategies, portfolio, or the TERRAM token, feel free to reach out.
Stay tuned for next week’s update, and as always, thank you for your support and engagement!