Good morning, ladies and gentlemen. Today marks March 7, 2024. My name is Reinis Fischer, CEO and Founder of TerraMatris Crypto Hedge Fund. Join me as we delve into the highlights of our hedge fund portfolio and market insights from the past week.
For those new to TerraMatris, allow me to provide a brief overview. TerraMatris is a private crypto investment hedge fund, managed by myself, Reinis Fischer. It operates privately and is not publicly registered, with investments primarily accessible through TerraM coin.
Our investment strategy primarily revolves around selling one-day-to-expiry put options on Bitcoin and Ethereum, occasionally extending to Solana. We also engage in selling call options on long Ethereum futures.
The premiums we receive from these trades are reinvested back into cryptocurrencies, forming a dollar-cost averaging strategy.
Risk management is paramount to our approach. We focus on high-probability options trades and employ various hedging techniques, including futures and stop losses, to mitigate potential losses. Additionally, we occasionally purchase longer-term options as protection against market downturns.
In our 29th week, we've allocated investments into Stellar Lumens, Solana, and Jupiter Coin, with the majority going into Stellar Lumens and Solana. We maintain a cautious approach, considering market trends and potential risks.
Now, let's delve into the highlights of the past week. We achieved an all-time high in our portfolio, reaching $1,406.95, marking a significant 15% week-over-week growth. This growth is attributed not only to our trading strategies but also to the overall appreciation of cryptocurrencies.
Despite the bullish market sentiment, we remain vigilant and acknowledge the possibility of pullbacks. Our focus is on risk management, ensuring the preservation of capital while capitalizing on market opportunities.
Looking ahead, we anticipate further growth potential but remain prepared for market fluctuations. Our commitment to prudent risk management guides our decision-making process.
In other news, we're excited to announce an initiative where investors will receive a 10% airdrop once our fund's total value reaches $2000. With the current value just shy of this milestone, it presents an attractive opportunity for potential investors.
As we conclude this week's update, I extend my gratitude to our investors and viewers. Your support and engagement drive our continuous growth and success. Should you have any questions or comments, feel free to reach out via my blog, LinkedIn, or YouTube.
Thank you for joining me, and I look forward to sharing more insights with you next week. Stay tuned for further updates from TerraMatris Crypto Hedge Fund.