2024

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<ul class="wp-block-list news-points">
 <li>Metaplanet earns 23.97 BTC by selling 223 put options, enhancing its financial position.</li>
 <li>The transaction boosts Metaplanet’s Bitcoin holdings to 530.717 BTC with a high annualized yield.</li>
 <li>Metaplanet aims to increase its Bitcoin reserves if market conditions align with the strike.</li>
</ul>
Metaplanet Inc. has sold 223 Bitcoin put options to QCP Capital, a Singapore-based digital asset trading firm. This transaction led to the generation of a total premium income of 23.97 Bitcoin (BTC), allowing Metaplanet to strengthen its financial position and increase its Bitcoin holdings.
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 *Metaplanet sells <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> put options, earns 23.97 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> in premium income* <a href="https://t.co/w8qO0fifr1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/w8qO0fifr1</a>— Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1841718887689187627?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 3, 2024</a>
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<a href="https://coinedition.com/metaplanet-asias-microstrategy-boosts-bitcoin-holdings-to-400-btc/" rel="noopener noreferrer nofollow">Read also :Metaplanet, ‘Asia’s MicroStrategy,’ Boosts Bitcoin Holdings to 400 BTC</a>
The sale of these put options, all with a strike price of $62,000 and an expiration date of December 27, 2024, helped in profit making. The sale price was 0.1075 BTC per contract, resulting in a total premium of 23.972 BTC, or about $1.47 million at current Bitcoin prices.
The nominal yield for this transaction is 10.75%, while the annualized yield is 45.…
The post <a href="https://coinedition.com/metaplanet-sells-223-btc-put-options-to-qcp-capital-earns-1-47m/" rel="noopener noreferrer nofollow">Metaplanet Sells 223 BTC Put Options To QCP Capital, Earns $1.47M</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Metaplanet Sells 223 BTC Put Options To QCP Capital, Earns $1.47M

Coin Edition

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