Good morning, ladies and gentlemen. My name is Reinis Fischer, CEO of TerraMatris, a crypto hedge fund. Today, on August 1st, 2024, I’m excited to share the latest developments within TerraMatris, our TerraM token, and the strategic approaches we're adopting to drive growth.
TerraMatris is a private crypto investment hedge fund that I personally manage. Based primarily in Tbilisi, Georgia, our fund operates on the blockchain, offering investment opportunities through the Raydium centralized liquidity pool. It’s important to note that TerraMatris is a private entity and not publicly registered, emphasizing the exclusivity and tailored approach we provide to our investors.
As always, I want to remind everyone that investing in stocks, funds, bonds, or cryptocurrencies carries inherent risks. You could lose some or all of your money. Please do your due diligence before making any investment decisions.
Investment Strategy
At TerraMatris, our strategy revolves around trading short-term, one-day-to-expire put options on Bitcoin, complemented by selling covered calls on established positions. We currently hold long positions in Ethereum and Solana. The premiums earned from these trades are reinvested into a diverse basket of cryptocurrencies, including Bitcoin, Ethereum, Solana, and others like USDC, Jupiter token, and PAXG. This week, we added a new asset to our portfolio: Toncoin (TON).
Our approach involves dollar-cost averaging, where we buy spot cryptocurrencies at an average rate, ensuring that we remain market-neutral. Whether Bitcoin is at $20,000, $64,000, or any other price point, our strategy ensures consistent investment.
TerraMatris Token Development
In terms of our TerraM token, we continue to see steady growth. The TerraM project, now approaching its two-year anniversary, offers 10,000 tokens minted on the Solana blockchain. Currently, 374 TerraM tokens are available for purchase on the Ra7dium automated market maker, with the price set at $1.55 per token.
Swap on Raydium (Solana supported wallet required)
One exciting development this week is our buyback initiative. We’ve been actively repurchasing TerraM tokens from the liquidity pool, which has helped increase the token’s price. This strategy not only enhances the value for our current investors but also signals our confidence in the project’s long-term growth potential.
For those interested in making a more significant investment, we offer a private over-the-counter sale of up to 200 TerraM tokens at a fixed price of $1.55 each. Due to limited liquidity, purchasing through Raydium might result in higher slippage, so this direct approach is ideal for larger investments.
Market Outlook and Strategy Adjustments
This week, our fund reached a new all-time high of $3,411, a slight dip from the previous day’s $3,500 due to market corrections. Despite this, we achieved a 0.65% week-over-week growth, adding $22 to our fund’s value. While humble, any growth is a positive sign, especially during the typically volatile summer months.
Our current market strategy involves a cautious approach. We are in the process of adjusting two significant positions: 0.04 short Bitcoin puts with a $60,000 strike price expiring on December 27th, and 0.05 Bitcoin long calls with a $61,000 strike price expiring this August. As Bitcoin trades around $63,500, we’re prepared for potential market pullbacks but remain optimistic about future growth.
Technical Analysis and Future Outlook
Bitcoin is currently trading above its 50-day and 200-day moving averages, which is a positive indicator. However, we’re watching for potential pullbacks to $61,000 or even $57,000. Our strategy includes hedging with futures and maintaining stop-loss positions to mitigate risk.
Looking ahead, we are cautiously optimistic. We’re preparing for the worst-case scenarios while hoping to capitalize on future rallies, especially as Bitcoin navigates its current technical patterns.
Despite minor setbacks, this week has been another positive chapter in TerraMatris’s growth story. We continue to focus on strategic trade adjustments, risk management, and expanding our cryptocurrency portfolio with promising assets like Toncoin. Our commitment to growing the TerraM token and providing value to our investors remains unwavering.
Swap on Raydium (Solana supported wallet required)
Thank you for your continued support. I look forward to sharing more updates with you next week.