based in japan metaplanetBitcoin (BTC) 
$60,521 announced that it had made a significant option transaction. The company earned 23.97 BTC of premium income by selling Bitcoin put options within the scope of its agreement with Singapore-based crypto trading company QCP Capital. With this transaction, Metaplanet aims to both contribute to its strategy of increasing Bitcoin reserves and strengthen its financial statement.
223 Bitcoin Put Options Sold
Metaplanet has 223 units due on December 27, 2024. Bitcoin He announced that he sold his put option. The exercise price of the options was determined as 62 thousand dollars. The company received a premium income of 23.97 BTC for this sale, and the nominal return rate on the transaction was recorded as 10.75 percent.
It was announced that the annual return was 45.63 percent. A total of 13.82 million dollars of collateral was used to complete the transaction.
metaplanet, optionHe emphasized that he aims to purchase new Bitcoin with the income obtained from these transactions and that this transaction is a strategic move to strengthen his long-term Bitcoin positions. Company, Bitcoin marketIt plans to increase its BTC reserves in case the price drops by taking advantage of the volatility in the market.
The Company Continues to Increase Bitcoin Reserves
On the other hand, Metaplanet has significantly increased its Bitcoin assets as a result of this transaction. The company announced that it purchased 23,972 BTC at an average price of 8.95 million Japanese yen. This purchase increased the company’s total Bitcoin reserves to 530,717 BTC. The company’s average purchase cost per Bitcoin was determined as 9.35 million Japanese yen.
This move by Metaplanet, which is shown as Asia’s MicroStrategy, not only strengthens the company’s balance sheet, but also serves its long-term goals of increasing Bitcoin assets and achieving profitability. Company, put option He described his sale and purchase of Bitcoin with the proceeds as a “target purchase” strategy, and stated that this strategy would support the company’s financial position in the long term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
