The TerraMatris crypto hedge fund closed the week ending April 25, 2024, on a strong note, posting a portfolio value of $2,050.41. This marks a $175.68 gain or an impressive 9.37% increase compared to the previous week.
This week’s positive performance is a testament to TerraMatris’s strategy of steady, systematic trading—focusing on selling options (puts and covered calls) on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), while reinvesting premiums into spot holdings to compound returns over time.
The broader crypto market was energized by a major milestone: the long-anticipated Bitcoin halving event occurred on April 19, 2024. As a result, Bitcoin mining rewards were slashed from 6.25 BTC to 3.125 BTC per block, cutting new supply into the market by 50%.
While the immediate aftermath of the Bitcoin halving hasn’t sparked an explosive rally (yet), the market’s underlying fundamentals remain bullish. Institutional appetite is strong, spot Bitcoin ETFs are gaining traction, and supply dynamics are tightening.
The TerraMatris crypto hedge fund remains well-positioned to continue benefiting from this evolving environment, combining a disciplined trading framework with strategic crypto accumulation.