According to BlockBeats, on October 16, according to official news, Metaplanet Inc., a Japanese listed company, announced an option roll-up operation, earning 5.9 BTC. This roll-up transaction involved the repurchase of 223 put options with an exercise price of $62,000, and the sale of the same number of put options with an exercise price of $66,000 and an expiration date of December 27, 2024.

Officials said that this transaction enables Metaplanet to further take advantage of Bitcoin's volatility, consistent with its ongoing strategy to strengthen its long-term Bitcoin exposure. By increasing the execution price, this approach can bring higher profit potential while meeting the company's goal of increasing Bitcoin holdings and supporting its path to profitability.

BlockBeats Note: Roll up/down means ending the current position and opening a new position above or below the current strike price.