Metaplanet Raises Bitcoin Option Prices

2 hours ago

Japanese investment firm Metaplanet has adjusted its Bitcoin put options as part of a strategy to increase revenue.

Metaplanet Option Adjustment

Metaplanet announced raising the strike price of its Bitcoin put options from $62,000 to $66,000. This adjustment was made to capture greater returns amidst a bullish market outlook.

Strategy and Revenues

CEO Simon Gerovich stated that the move brought an additional bonus of JPY57.9 million ($388,000), increasing total earnings for the year to JPY272.5 million ($1.8 million). Metaplanet bought back 223 Bitcoin put options at $62,000, selling 223 new options at $66,000. This strategy yielded a premium of 5.9 BTC and increased nominal option returns by 2.65%.

The new strategy aligns with the company’s goal of accumulating Bitcoin assets and increasing profitability.Metaplanet

Latest Bitcoin Investments

In October, Metaplanet has been actively increasing its Bitcoin reserves. On October 17, it purchased 106,976 BTC worth approximately $6.7 million, bringing total holdings to 855,478 BTC, worth around $57.4 million.

Metaplanet is actively working to optimize its investment strategy, focusing on increasing its Bitcoin reserves and option adjustments to maximize profitability.

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