Since the end of August 2023, I've been working on the Terramatris crypto hedge fund, growing the portfolio from scratch by selling put options on Ethereum.
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.
That said on week 5th, we return to XLM coin - every time we are going to take options premiums this week (September 18 - September 24 ), we will re-invest the premium back in XLM coin for our long-term crypto portfolio.
Stellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. The network officially launched in 2015 with the purpose of connecting the world's financial systems and ensuring a protocol for payment providers and financial institutions. The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, and payment processors and allows users to create, send, and trade multiple types of crypto.
As of September 18, 2023, we are holding 106 XLM coins worth $12.46. In total XLM takes about 24.41% of our total crypto portfolio.
