Metaplanet, 'Japan's MicroStrategy,' acquires more Bitcoin through put options sale

From Investing.com

October 3, 2024 8:00 AM:

Japanese firm Metaplanet, dubbed “Japan’s MicroStrategy,” acquires 23.9 BTC through put options, raising its total holdings to 530.717 BTC. The company generated 23.972 BTC worth 8.95 million yen with a 10.75% nominal yield through Bitcoin Options contracts. Metaplanet aims to follow MicroStrategy’s consistent Bitcoin accumulation strategy.

MicroStrategy, a prominent Bitcoin investor, bought $458 million worth of BTC in September, expanding its holdings to 252,220 BTC valued at $9.9 billion. Metaplanet’s recent Bitcoin acquisition through put options with QCP Capital complements market conditions. Bitcoin is currently priced at $61,217.22 amidst geopolitical tensions and regulatory uncertainties, offering interested investors potential discounts.

Read more at Investing.com: ‘Japan’s MicroStrategy’ Buys More Bitcoin With Put Options Sale By U.Today