Metaplanet announced the sale of 233 BTC put options to earn a premium income of 23.97 BTC

2024-10-03 14:28:32

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ChainCatcher news, the Japanese listed company Metaplanet officially announced on social media that it has reached a Bitcoin options trading agreement with Singapore-based digital asset trading company QCP Capital, involving the sale of Bitcoin put options. In the transaction, Metaplanet sold 233 Bitcoin put options with a strike price of $62,000 expiring on December 27, earning a premium income of 23.97 BTC.

Metaplanet stated that this strategy not only enhances the company's Bitcoin reserves but also strengthens the company's balance sheet, aligning with its ongoing financial strategy to increase long-term Bitcoin exposure, improve the company's financial condition, and support the company in achieving its profitability goals. The margin funds are planned to be used for purchasing Bitcoin. Selling put options, referred to as "targeted purchases," is another method to acquire Bitcoin. There are no changes to the planned use of funds.

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