#16 Terramatris Crypto Fund Weekly Update: Challenges and Opportunities in a $40,000 Bitcoin Market

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We keep growing the Terramatris crypto hedge fund bit after bit by selling put options on Ethereum and Bitcoin

Every week we choose one crypto coin and invest all premium in it. In the last weeks, we have already invested in XLM, ETH, USDC, and BTC. I have decided to stick with these 4 tickers until we grow the portfolio to at least 0.1 ETH or 0.01 BTC, thus enabling covered call writing on these positions.

On week 16th, we are returning to BTC - every time we are going to take options premiums this week (December 4  - December 10 ), we will re-invest the premium back in USDC for our long-term crypto portfolio.

With Bitcoin breaking above $40,000 we find this week both fascinating and challenging. 

Swap USDC for TerraM on Raydium

Our daily goal this week is to collect minimum $3.1 in premiums. That would give us about 1.16% daily growth rate

As of December 4, 2023, we are holding 0.001259 BTC worth $52. Looking to grow our BTC holdings to about $75 by the end of the week.

If you are interested in learning more or participating in the fund (minimum investment $10,000) - feel free to write me an email to reinis.fischer {at} terramatris.eu or connect on LinkedIn