Oct 3, 2024
Oct 3, 2024
Japan's Metaplanet sold 233 BTC for $14 million to Singapore's QCP Capital.
Metaplanet targets 23.97 BTC in premium income while maintaining a cash-secured position.
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By selling put options, Metaplanet could boost Bitcoin holdings if prices drop below $62,000.
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Metaplanet uses 'target buy' to acquire Bitcoin for long-term exposure and financial strength.
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Metaplanet now holds 530.717 BTC at an average price of 9,354,425 yen per BTC.
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