Metaplanet sells put options to grow Bitcoin stash by nearly 24 BTC

Bitcoin investment firm Metaplanet said it sold 233 BTC put options and earned a premium of 23.97 BTC, according to an Oct. 3 statement. The firm stated it sold 223 contracts for $62,000 BTC put options, set to expire on Dec. 27, 2024. These contracts were fully backed by $13.8 million generated from Metaplanet’s 11th […] source: https://cryptoslate.com/metaplanet-leverages-put-options-to-grow-bitcoin-stash-with-nearly-24-btc/