Metaplanet, the Tokyo-listed Bitcoin giant, has sold 223 Bitcoin put options, earning 23,972 BTC ($1.44 million) in premium income! 🎉

The options expire on December 27, 2024, and have a strike price of $62,000. If Bitcoin falls below that price, Metaplanet will have to buy another 223 BTC. But hey, more Bitcoin, more fun! 😜

Metaplanet’s strategy is different from Microstrategy’s method of borrowing Bitcoin. They plan to buy more Bitcoin with the premium income. Their current total Bitcoin holdings are 530,717 BTC! 🚀

So, do you think Bitcoin will stay above $62,000? Share your predictions in the comments! 👇