Coinspeaker
Metaplanet Adds 696 BTC by Successfully Trading Bitcoin Options
Metaplanet Inc, popular as Japan’s Strategy, announced the acquisition of an additional 696 Bitcoin
BTC
$83 760
24h volatility:
1.5%
Market cap:
$1.66 T
Vol. 24h:
$25.03 B
through its Bitcoin Treasury Operations. With this, the company has taken its total Bitcoin holdings to 4,046 BTC, worth $380 million as of the current price.
In a notice released today, the company revealed it executed the purchase through an innovative strategy involving cash-secured put options, allowing it to acquire Bitcoin at below-market prices. The average purchase price for the new acquisition was ¥14,586,230 ($105,700) per Bitcoin, with a total expenditure of
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