Metaplanet announced that it sold 223 BTC put options to earn 23.97 BTC premium income

BlockBeats news, on October 3, Metaplanet, a Japanese listed company, officially announced on social media that the company has reached a Bitcoin options transaction with QCP Capital, a digital asset trading company headquartered in Singapore, involving the sale of Bitcoin put options. In the transaction, Metaplanet sold 223 Bitcoin $62,000 put options expiring on December 27 to earn 23.97 BTC premium income.

Metaplanet said that this strategy not only enhances the company's Bitcoin reserves, but also strengthens the company's balance sheet, in line with its ongoing financial strategy of strengthening long-term Bitcoin exposure, improving the company's financial condition, and supporting the company's profitability goals. These margin funds are planned to be used to purchase Bitcoin. Selling put options is called "target purchase" is another way to obtain Bitcoin. There is no change in the plan for the use of funds.