#8 Coin of the Week: BTC (Bitcoin)

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I 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 8th, we are returning to Bitcoin - every time we are going to take options premiums this week (October 9  -  October 15 ), we will re-invest the premium back in BTC coin for our long-term crypto portfolio.

As of October 9, 2023, we were holding 0.000479 BTC worth $13.38. In total BTC takes about 14.29% of our total crypto portfolio. Looking to grow our BTC holdings to about $25-30 by the end of the week.