As of June 6, 2025, the Terramatris crypto hedge fund value stands at $7,546 showing very strong weekly growth of +10.76% or +$733 in dollar terms.
At one point during the week, the fund briefly exceeded the $8,000 mark, setting a new all-time high. Unfortunately, by week’s end, its value experienced a pullback.
Nevertheless, it was an impressive and encouraging week overall.
The growth primarily stems from securing an XRP-backed loan, which we are using as collateral to generate yield by selling options on ETH. We are still evaluating the impact and structure of this loan, with the goal of remaining loan-neutral. Our strategy includes identifying opportunities to repay the loan quickly.
Currently, we are paying 8% annual interest on this loan. If you have idle crypto assets and are exploring ways to generate yield, we’d be happy to discuss potential opportunities.
Despite all the growth, we are still -3.44% below our all-time high of $7,811 (recorded on March 6, 2025), while the fund's year-to-date performance is +32.86%
Current Long Perpetual Futures (USDT Settled)
- 0.02 BTC – Break-even: $115,626 | Short puts: $96,000
- 1.9 ETH – Break-even: $3,153 | Short puts: $2,275
- 5 SOL – Break-even: $169.73 | Long calls: $155
It appears that the crypto markets may be entering a more serious pullback. This week, we were assigned 5 SOL coins at a strike price of $155, while the spot price had declined to $147 at the time of assignment. Rather than rolling the position forward, we opted to accept the assignment and establish a long position. To generate income on the holding, we subsequently sold call options expiring next week against the assigned SOL.
We sell weekly options every Friday, which is why this update is published at the end of the week.
This week, in total, we earned $152.54 from options premiums, translating to a 2.02% weekly return on capital. Our target is anything above 1%, so we're satisfied with this result.
TerraM Token Update
The TerraM token remains stable at $2.60, with little price movement in recent weeks. We're focused on improving liquidity, but no major buybacks or liquidity increases are planned until the fund reaches at least $8,000 in value.
Thank you for your continued support
This update is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.