Metaplanet sold 223 Bitcoin put options contracts, earning 23,972 BTC ($1.44 million) in premium.
- The options expire on December 27, 2024, with a strike price of $62,000.
- If Bitcoin falls below $62,000, Metaplanet will have to buy 223 BTC, preserving the premium.
- The trade was made with QCP Capital, the premium was 0.1075 BTC per contract.
- Metaplanet posted $13.826 million as margin collateral.
- The premium will be used to buy additional Bitcoin.