September 2025

The Terramatris Solana Covered Calls Growth Fund launched on September 4, 2025, with an initial seed contribution of $100. September marked the Fund’s first month of operations, with the onboarding of seven subscribers and the issuance of 5,973 NAV units, bringing total Assets Under Management (AUM) to $5,536.

The Fund remains open to new capital commitments until it reaches $100,000 in AUM. TerraM Fund, one of our core investors, has committed to ongoing biweekly contributions of $100 through at least September 2026.

At Terramatris, we are still an early-stage crypto hedge fund. Our core strategy leans toward directional exposure—going long on assets we believe in and applying quantitative options strategies to generate income. Specifically, we sell puts and calls on assets like Ethereum and Solana, capturing option premiums while managing risk.

This allows us to grow the fund more aggressively, as we participate directly in upside movements while securing steady cash flow from option sales.

As of September 26, 2025, the TerraM crypto fund value stood at $9,651 what is a decrease of -17.64% or -$2,067 in dollar terms when compared to the last week. 

That was definitely one of the worst-performing weeks of the year, rivaling late March/early April when our fund dropped by a similar percentage. Back then, however, the pain felt more. Lessons learned.