As of May 23, 2025, the Terramatris crypto hedge fund value stands at $6,640, showing another strong weekly growth of +5.69% or +$357 in dollar terms.
Despite the strong market recovery, we are still -15.02% below our all-time high of $7,811 (recorded on March 6, 2025), while the fund's year-to-date performance is +16.92%. The past few weeks have been very strong for crypto markets and also for our fund.
Anyhow, despite strong growth we are not opening new put positions until our fund is reaching at least $8,000 in value, in optimistic scenario we hope to get there in the next 3-4 months, not excluding getting faster there if the market trend continues and crypto asset prices keep climbing higher.
While waiting, focusing on our recovery trades with perpetual futures
Current Long Perpetual Futures (USDT Settled)
- 0.02 BTC – Break-even: $122,178 | Short strike: $102,000
- 2 ETH – Break-even: $3,378 | Short strike: $2,450
- 5 SOL – Break-even: $179.63 | Short strike: $160
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.
Additionally, we did took some additional risk in the portfolio, opening the so called synthetic covered call, where we are looking to earn about 300-400 USD in the next 2 months. You can learn more about this trade here: How to Sell a Synthetic Covered Call on ETH
In total we earned $69.15 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.
Staking Initiative Coming Soon for TerraM Token Holders
We’re excited to announce that we are exploring the launch of a staking program designed to reward loyal TerraM holders. The proposed initiative aims to offer a 4% annual return to users who stake their TerraM tokens.
While we are still finalizing the technical implementation, the most likely platform for deployment will be Raydium’s Automated Market Maker (AMM) infrastructure on Solana. This would allow us to integrate seamlessly with existing DeFi protocols and provide a reliable staking experience.
More details will follow soon. Stay tuned for updates and get ready to put your TerraM tokens to work!
This update is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.