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The post Metaplanet Sells BTC Put Options, Earns 23.97 BTC In Premium Income appeared first on Coinpedia Fintech News
Metaplanet has entered into a Bitcoin options transaction with QCP Capital, involving the sale of Bitcoin “Put Options.” The company stated that this transaction allows the company to capitalize on Bitcoin’s volatility by generating premium income while maintaining a fully cash-secured position. By selling 223 BTC Put options, the company can increase its BTC holdings if the market price falls below the strike price of $62000 per BTC at maturity. Metaplanet has earned 23.972 BTC in premium income. Its total Bitcoin holdings now stand at 530.717 BTC.
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