đ Tokyo-listed Metaplanet Inc. is shaking up the crypto game! They've sold 223 bitcoin put options, raking in a sweet 23.972 BTC ($1.44M) in premiums. These options, with a $62,000 strike price, expire on Dec. 27, 2024.
If BTC dips below $62K, Metaplanet will snag an extra 223 BTC, boosting their stash to 530.717 BTC ($32M). This move contrasts with Microstrategy's debt-fueled strategy, showing diverse ways to grow holdings.
What do you think of Metaplanet's bold play? Will BTC stay above $62K? Drop your thoughts below! đŹ #Crypto #Bitcoin #Metaplanet #BTC