Weekly updates

Ep 12: Crypto Hedge Fund Rises 16.06% to $163.22

9 November 2023 | 4 seen

On November 9, 2023, the total value of the Terramatris crypto hedge fund reached $163.22.

This represented a weekly increase of $22.58, translating to a +16.06% gain week over week.

A 16% weekly increase indicates continued expansion during this early capital phase. With a relatively small asset base, percentage performance remained highly responsive to underlying price movements and position exposure.

At the time:

Episode 11 / Fund Climbs to $140.64

2 November 2023 | 6 seen

On November 2, 2023, the Terramatris crypto fund reached a total value of $140.64, posting a weekly increase of $16.62—a gain of 13.40%.

Late October 2023’s rally was widely tied to spot Bitcoin ETF optimism, with reporting noting Bitcoin’s surge to around $35,000 as markets priced in a higher likelihood of ETF approval.

Week 11 is a clean “compounding” week: Terramatris rose to $140.64 (+13.40%) while BTC moved modestly higher and ETH was essentially flat on the 7-day measure—meaning the fund’s gain likely came from portfolio specifics rather than a simple BTC/ETH beta lift.…

Ep 10: Crypto Fund Value Reaches $124.02

26 October 2023 | 4 seen

On October 26, 2023, the total value of the Terramatris fund stood at $124.02.

This represented a weekly increase of $21.34, translating to a +20.78% gain week over week.

A 20%+ weekly move at this stage reflected the high sensitivity of a small capital base to position sizing and market volatility. With relatively low nominal capital, even moderate percentage shifts in underlying holdings materially affected reported performance.

At the time:

Episode 9 / TerraM Multi Asset Fund Cracks $100 for the First Time

19 October 2023 | 9 seen

On October 19, 2023, the Terramatris crypto fund reached a total value of $102.68, posting a weekly increase of $9.82—a gain of 10.58% for the week.

A major theme in mid-October 2023 was spot Bitcoin ETF speculation, including a widely reported episode where Bitcoin spiked toward $30,000 on a false claim of ETF approval and then pulled back after it was denied/retracted.

Terramatris delivered a clean +10.58% weekly gain while the broader market was positive—especially BTC. With BTC up ~7.34% and ETH up ~1.81%, Terramatris’ move to $102.68 represents continued compounding and…

Episode 8 / TerraM Multi-Asset Fund rises to $92.86

12 October 2023 | 16 seen

On October 12, 2023, the TerraM Multi-Asset Fund reached $92.86, delivering a +15.45% increase compared to the previous week. .

This weekly jump is notable because it reflects performance across a diversified basket rather than a single high-beta bet. Weeks like this are useful “marker dates” in a fund’s history: they help separate sustainable process-driven performance from noise, and they provide clean reference points for later attribution (what contributed vs. what simply moved with the market).

In the broader crypto market, Bitcoin closed around $43,764.90 on October 10,…

Episode 7: Fund Jumps to $80.43 on Oct 5, 2023

5 October 2023 | 8 seen

On October 5, 2023, the Terramatris crypto fund reached a total value of $80.43, extending the previous week’s momentum with a gain of roughly 25.3% week-over-week

Around Oct 5, market commentary focused on Bitcoin’s failed push through the $28,000 area, with reports describing BTC being rejected near $28K after the U.S. session open and then pulling back. 

Episode 6 / Early Growth: Terramatris Fund Jumps $11.72 in a Week

28 September 2023 | 25 seen

On September 28, 2023, the Terramatris crypto fund reached a total value of $64.21, marking a weekly increase of $11.72—an impressive rise of approximately 22.35%.

On the same day, Bitcoin (BTC) closed at $27,046.93, representing a 2.6% gain from the previous day 

Terramatris’s remarkable weekly gain well outpaced Bitcoin’s daily gains and suggests the fund benefited from strong momentum among altcoins or other smaller-cap holdings.

This level of performance may indicate that the fund’s diversified crypto strategy paid off during that week, potentially capturing…

Episode 5 / TerraMatris Crypto Fund Surges 30% to $52.49

21 September 2023 | 20 seen

As of September 21, 2023, the TerraMatris Crypto Hedge Fund posted a significant weekly gain, closing at $52.49. This marks an increase of $12.12 from the previous week's valuation—representing a robust +30.02% week-over-week growth.

The cryptocurrency market experienced notable upward momentum during this period, driven by a mix of macroeconomic factors and token-specific developments. Key asset prices as of September 21, 2023, included:

Episode 4: Crypto Fund Climbs 12.48% in a Bullish Week

14 September 2023 | 18 seen

As of September 14, 2023, the fund’s value has increased to $40.37, marking a +12.48% gain week-over-week, equivalent to a +$4.48 rise in dollar terms. T

Ethereum (ETH) played a key role in boosting market confidence during this week. Prices rose steadily as ETH reclaimed territory above the $1,600 mark, driven by both technical momentum and favorable sentiment. The asset appeared to be forming a solid base after a choppy late-summer period, suggesting that a more stable accumulation phase was underway.

Developers also continued to roll out improvements tied to Ethereum's post-…

Episode 3 / How 1DTE Put Options Powered a 6.63% Weekly Gain

7 September 2023 | 26 seen

As of September 7, 2023, the Terramatris Crypto Fund’s value climbed to $35.89, up from $33.66 the previous week. This represents a $2.23 gain, or 6.63% week-over-week growth. While more moderate than last week’s exponential jump, this steady climb reinforces the compounding potential of disciplined, low-risk strategies. As the fund grows beyond its initial low base, absolute changes begin to reflect more sustainable patterns rather than extreme volatility.

Throughout the week, the fund primarily focused on selling 1-day-to-expiry (1DTE) put options on ETH and occasionally BTC. These…

Episode 2 / Small Fund, Big Gains: How We Grew 525% in a Single Week

31 August 2023 | 28 seen

​As of August 31, 2023, the Terramatris Crypto Fund's value surged to $33.66, an increase of $28.28 from the previous week, marking a remarkable 525.65% growth. This substantial percentage increase is primarily due to the fund's modest starting value of just over $5 in the prior week, illustrating how smaller portfolios can experience significant percentage swings with relatively minor absolute changes.​

During this period, the broader cryptocurrency market experienced notable movements:​

Episode 1 / Our First Profitable Trade – $5.38 from Ethereum Credit Spreads

24 August 2023 | 31 seen

On August 24, 2023, just two days after launching our fund from scratch, we earned our very first profit — a modest yet meaningful $5.38 from selling credit spreads on Ethereum.

While the amount might seem small to outsiders, for us it represents something far greater: validation. It confirms that the engine works, that the strategy can generate income, and that even from day one, we're on the path toward a scalable, rules-based options strategy.

We sold a credit spread on Ethereum, expecting price stability within a specific range. The trade expired worthless for the buyer,…