As of May 16, 2025, the Terramatris crypto hedge fund value stands at $6,283, reflecting another weekly increase of +6.02% or +$356 in dollar terms. Nice. The boost comes from strong gains in crypto prices and expired options premiums today.
Though we are still -19.59% below our all-time high of $7,811 (recorded on March 6, 2025), while the fund's year-to-date performance is +10.63%.
We’re continuing our strategy to gradually unwind underperforming positions, aiming to buy back a bit each month. The goal is to eventually close or break even on them. In the meantime, we're selling options each week to generate premium income and support the fund.
Current Long Perpetual Futures (USDC Settled)
- 0.02 BTC – Break-even: $120,470 | Short strike: $100,000
- 2 ETH – Break-even: $3,350 | Short strike: $2,350
- 5 SOL – Break-even: $181.56 | Short strike: $161
We sell weekly options every Friday, which is why this update is published at the end of the week. This week we had to roll up both BTC and ETH, but we managed to roll down SOL.
In total we earned $70.65 in premiums this week — a small but meaningful addition.
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.
This update is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.