Metaplanet Sells 233 BTC Put Options, Earning 23.97 BTC in Premiums

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Metaplanet Sells 233 BTC Put Options, Earning 23.97 BTC in Premiums Japan-based Bitcoin investment firm Metaplanet, which holds Bitcoin as its major asset, has announced that it sold 233 BTC put options, earning a total premium of 23.97 BTC.

In return for offering this potential safety net to buyers, Metaplanet received a premium of 23.97 BTC, which represents approximately 10% of the total Bitcoin tied to the options.

Metaplanet’s decision to sell put options is a common strategy among institutional investors looking to leverage their Bitcoin assets while managing downside risks.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaJapan

Topics: Crypto News Metaplanet

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 06:55:52 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22859487

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 10 hours ago

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