Bitcoin Holder Metaplanet Sells BTC Options to Boost Coin Stash

Bitcoin Holder Metaplanet Sells BTC Options to Boost Coin Stash

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Source: Coindesk.com

Metaplanet sold 223 contracts of bitcoin put options, earning 23.972 BTC ($1.44 million) in premium income. The options expire on Dec. 27 2024 with a strike price of $62,000. If bitcoin falls below $62,000, Metaplanet will have to acquire an additional 223 BTC while keeping the premium income.

Tokyo-listed

Read More https://www.coindesk.com/markets/2024/10/03/bitcoin-holder-metaplanet-sells-btc-options-to-boost-its-32m-btc-stash/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Bitcoin Holder Metaplanet Sells BTC Options to Boost Coin Stash" appeared first here Coindesk.com.

Source: Coindesk.com

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