Good morning, TerraMatris community! This is Reinis Fischer, CEO, and founder of TerraMatris Crypto Hedge Fund, bringing you the latest update on our activities in the crypto market. Today is December 7, 2023, and I'm thrilled to share the exciting developments of the past week.
TerraMatris is a private crypto investment hedge fund based in Georgia, managed by yours truly. As a decentralized entity, we operate from the picturesque location of Tbilisi, Georgia. It's essential to note that TerraMatris is privately held and not publicly registered anywhere.
Our trading strategy involves focusing on daily options premiums for either Ethereum or Bitcoin, depending on the market situation. We refrain from trading both coins on the same day, emphasizing a cautious approach to risk management. Investments are made using the premium received, contributing to a dollar-cost averaging strategy.
As of the 16th week, we've been channeling our investments into Bitcoin, employing risk management strategies such as rolling forward for credit. It's crucial to highlight that all investments involve risk, and we advise thorough due diligence before venturing into any asset class.
Each week, we set ambitious goals, and the past week has been particularly exciting. Our target was to achieve $3.10 from daily options premium, reinvesting it back into Bitcoin. I'm delighted to announce that we surpassed expectations, reaching an all-time high of $290 on December 7, 2023. This represents a remarkable 16% week-over-week growth in dollar terms.
Despite the bullish market trends, we've maintained a cautious stance, especially since Bitcoin's recent rally to around $44,000 per coin. Our analysis suggests the possibility of a pullback to $35,000, and we are prepared for such scenarios. While we could aim for larger daily goals with the funds at our disposal, we prioritize maintaining leverage and preserving buying opportunities.
TerraMatris Token Update
Our native token, Terram, minted on the Solana blockchain, continues to thrive. With 10,000 tokens available for investment, crypto enthusiasts can acquire Terram on the Radium liquidity pool. Currently priced at approximately $1.08, there are 121 Teram tokens available for investment.
Swap USDC for TerraM on Raydium
Once our fund's value surpasses $500, we plan to stake Terram tokens against USDC, contributing to the growth and stability of our ecosystem.
Thank you for tuning in to this week's update. We appreciate your continued support. If you have any questions or would like to learn more about our strategies and activities, please feel free to drop a comment. Your engagement is invaluable to us.