According to BlockBeats, on October 3, Japanese publicly listed company Metaplanet announced via social media that it has entered into a Bitcoin options trade with Singapore-based digital asset trading firm QCP Capital. The transaction involves the sale of Bitcoin put options, specifically 233 contracts of Bitcoin put options expiring on December 27, with a strike price of $62,000. This trade has earned Metaplanet a premium income of 23.97 BTC.
Metaplanet stated that this strategy not only enhances the company's Bitcoin reserves but also strengthens its balance sheet. This aligns with its ongoing financial strategy to increase long-term Bitcoin exposure, improve the company's financial health, and support its profitability goals. The margin funds from this transaction are planned to be used for purchasing Bitcoin. Selling put options, referred to as a 'target purchase,' is another method to acquire Bitcoin. The plan for the use of these funds remains unchanged.
