Brazilian Firm Meliuz Adopts Low-Risk Strategy to Increase Bitcoin Holdings

According to PANews, Brazilian publicly traded company Meliuz has unveiled a new strategy aimed at increasing its Bitcoin holdings through low-risk methods. The company plans to implement an options-based strategy to leverage Bitcoin price fluctuations and expand its current reserve of over 600 Bitcoins. Local media reports indicate that Meliuz intends to sell put options with specific strike prices. For instance, by selling options contracts with a strike price of $95,000, the company can earn option fees if Bitcoin's price exceeds this level at expiration. To manage risk, these options are backed by less than 10% of the company's operating cash reserves. Meliuz has also stated that this innovative strategy is supported by "professional partners" in the trading sector, although the names of these institutions have not been disclosed.