Metaplanet Profits $1.4M From Bitcoin Put Options, Grows Holdings To 530 BTC

Metaplanet Inc., a Japanese investment firm, has successfully expanded its Bitcoin reserves by earning approximately $1.46 million, 23.972 BTC, through strategic Bitcoin put options. The Tokyo-listed company collaborated with QCP Capital for this initiative, utilizing a financial strategy designed to increase holdings by leveraging market price movements. Metaplanet Boosts Bitcoin Reserves, Gains $1.4M From Put The post Metaplanet Profits $1.4M From Bitcoin Put Options, Grows Holdings To 530 BTC appeared first on CoinGape .