As of April 18, 2025, the fund’s value has increased to $4,464, marking a +6.62% week-over-week increase, equivalent to a +$277 increase in dollar terms. Despite increase, we still stand -42.87% below our all-time high of $7,811, recorded on March 6, 2025. While our YTD value has dropped to -21.40%
Current positions in long perpetual futures (settled in USDC):
- 0.02 BTC (break-even: $105,976) lowered by -$601 | strike $85,000 / $78,000 (short)
- 2.1 ETH (break-even: $2,570) lowered by -$19| strike $1500 (short)
- 5 SOL (break-even: $159.06) increase by +$5.75 | strike $134 (short)
Over the past several weeks (and even months), we've been generating options premium primarily through trade adjustments rather than initiating new positions. Despite the challenging circumstances and the underperformance of our existing holdings, we still managed to collect $85.33 in premium this week from these ongoing adjustments—a modest but meaningful contribution under the circumstances.
No new capital has been injected into the fund, and liquidity remains a top priority.
TerraM Token Update
The TerraM token continues to demonstrate resilience, outperforming much of the broader crypto market, but thats mostly attributed that there are just a few TerraM token holders and seems most are interested in long term growth, which is great!
- Current TerraM Price: $2.60 (unchanged week-over-week)
We are committed to improving liquidity for TerraM, but given current market conditions, we do not anticipate a significant liquidity increase or another buyback until the total fund value reaches $8,000.
This update is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.