Blog

Ep 108: Fund Surges +7.69% This Week, Doubling Value in Under 9 Months

10 September 2025 | Weekly updates | 47 seen

As of September 12, 2025, the Terramatris crypto hedge fund value stood at $11,461 what is an increase of +7.69% or +$818 in dollar terms when compared to the last week. Absolutely brilliant!

The week turned out better than expected, with bold moves - particularly in Solana. Most cryptocurrencies are trending higher, and to our surprise, the small position we began building in Plume just a few weeks ago is already up 40%.

As put sellers, we remain cautious, while maintaining an opportunistic outlook.

YTD our crypto hedge fund is +101.79%.  Absolutely remarkable - we’ve doubled the fund’s size in less than nine months. If the yearly pattern holds, we may be at the beginning of a run heading into Q4 2025. That said, we remain grounded and cautious.

Episode 107 / Fund Grows 1.86% | New Solana Covered Call Fund & JUP Staking

5 September 2025 | Weekly updates | 77 seen

As of September 5, 2025, the Terramatris crypto hedge fund value stood at $10,643 what is an increase of +1.86% or +$194 in dollar terms when compared to the last week. Also we have set another all time high. Awesome!

The past week started with some active moves — we even adjusted one ETH position by rolling it down and forward. However, as the days progressed, market activity slowed, and the week ended relatively calm, with little movement in crypto markets.

At this point, we might be entering a consolidation phase, setting the stage for a binary outcome — either the start of a bullish run or a sharp bearish attack.

As put sellers, we always remain cautious while maintaining an opportunistic outlook.

YTD our crypto hedge fund is +87.38%. 

Jupiter (JUP): Why This Solana DeFi Token Caught Our Attention

4 September 2025 | Investment ideas | 59 seen

At Terramatris, we believe in allocating small portions of our portfolio to projects with meaningful upside—a strategy that led us to JUP, the governance token of Jupiter, Solana’s leading DEX aggregator.

In February 2024, we unexpectedly received JUP tokens via an airdrop in our Phantom wallet. This surprise grant sparked our curiosity. Since then, we’ve been steadily exploring Jupiter’s ecosystem—staking, voting, and observing its evolving DeFi utility—without letting excitement cloud our judgment.

Jupiter is a decentralized exchange (DEX) aggregator on Solana, routing token swaps across over 20 liquidity sources like Raydium and Orca to find the best execution with low slippage  It has grown…

Our Outlook on TON: Humble Investment Today, Moonshot Tomorrow?

3 September 2025 | Investment ideas | 40 seen

At Terramatris, we regularly allocate a small portion of our fund to assets that we believe could have asymmetric upside potential — what we call moonshots. One of those tokens today is TON (The Open Network).

Our investment in TON is currently modest: at the time of writing, we hold just under 100 TON tokens, with a possible outlook to increase this allocation to 200–300 tokens in 2026. While this is a humble position compared to our core holdings, it reflects our conviction that TON has the potential to become a significant player in the crypto ecosystem.

There are a few key reasons why we believe in TON:

Although Pavel Durov (the founder of Telegram and earlier, VKontakte) is not directly running TON — the project is now developed and…

Wishful Thinking, Statistics, and Modeling: Where Could Terramatris Fund Be in September 2026?

2 September 2025 | Research | 56 seen

On September 2, 2025, the Terramatris crypto hedge fund stands at $10,500. Out of this, roughly $3,500 is low-interest debt, which we are steadily repaying at a rate of $300–450 per month. If nothing changes, we expect to be debt-free by April 2026. Importantly, there is no real pressure to return these funds quickly; and if market conditions turn against us, we believe we could borrow back on similar terms without risk to the core strategy.

This puts Terramatris in a comfortable position: a five-figure portfolio, a clear debt-repayment path, and a robust options premium strategy that has been delivering consistent weekly returns.

Our core edge comes from selling weekly options—primarily covered calls and short puts.

Why We Decided to Invest in Trump Coin

1 September 2025 | Investment ideas | 45 seen

As part of our ongoing exploration of asymmetric opportunities in the crypto markets, we have decided to make a small, opportunistic bet on Trump Coin ($TRUMP). This position will not replace or alter our core holdings in Bitcoin, Ethereum, and Solana, but will instead be structured as a side challenge using a disciplined, incremental approach.

We will allocate to Trump Coin gradually over the course of one year. Starting with $1 in week one, increasing by $1 each subsequent week, and continuing through week 52, this strategy will total $1,378 in contributions if completed.

TerraM Token Buyback and Liquidity Policy for 2025–2026

31 August 2025 | TerraM token development | 52 seen

The TerraM token derives its value from the earnings generated by the Terramatris Fund. As the fund grows, a portion of that growth is systematically directed toward strengthening token liquidity. This structure is designed to provide existing token holders with improved price stability and reduced transaction slippage.

Liquidity is central to the long-term functioning of TerraM. Our structured plan includes:

Episode 106 / Ethereum Nears $5K as Terramatris Fund Surges +83.97% YTD

29 August 2025 | Weekly updates | 157 seen

As of August 29, 2025, the Terramatris crypto hedge fund value stood at $10,448 what is an increase of +3.02% or +$306 in dollar terms when compared to the last week. Also we have set another all time high. Awesome!

Just like the previous week, this one was also marked by significant volatility. Ethereum (our bread and butter) surged to nearly $5,000 — a new all-time high — before pulling back to $4,360at the time of writing. We believe that if ETH breaks above $5,000, another major rally could follow — perhaps toward $7,000? That’s just speculation, of course. Nevertheless, as put sellers, we always remain cautious while maintaining an opportunistic outlook.

YTD our crypto hedge fund is +83.97%. 

Trading Covered Calls on XRP with Deribit

27 August 2025 | Crypto Options | 130 seen

At Terramatris we are always exploring new ways to structure option strategies around crypto assets. One of the more interesting challenges we’ve faced recently is figuring out how to trade covered calls on XRP.

Our favorite trading platform, Bybit, unfortunately does not yet offer XRP options. That left us looking for alternatives, and naturally, Deribit became our next candidate. Deribit does offer XRP options, but as always, the devil is in the details.

Deribit lists XRP options, but they are settled in USDC. At the time of writing, there is no way to post XRP directly as collateral for call selling. This complicates things because in a “classic” covered call setup, you’d hold the underlying asset (XRP in this case) and sell…

Episode 105 / ETH Volatility, Options Income of $170, and New Plume Position

22 August 2025 | Weekly updates | 132 seen

As of August 22, 2025, the Terramatris crypto hedge fund value stood at $10,142 what is a decrease of -1.37% or -$140 in dollar terms when compared to the last week. 

The past week has been quite turbulent, with Ethereum fluctuating between 4,600 and 4,000. At one point, we even considered hedging by shorting part of our position with perpetual contracts, but ultimately decided against it. The week ended on a positive note, as all of our weekly options expired worthless. The decline in portfolio value mainly came from the depreciation of our long-term holdings.

Despite negative performance in crypto markets we are still just a few hundred dollars shy of our all-time high recorded earlier this summer—an encouraging sign of the fund’s resilience and upward momentum.