{"id":17496,"date":"2024-10-03T15:57:16","date_gmt":"2024-10-03T12:57:16","guid":{"rendered":"https:\/\/forklog.com\/en\/metaplanet-gains-1-4-million-from-bitcoin-hedging-strategy\/"},"modified":"2024-10-03T15:57:16","modified_gmt":"2024-10-03T12:57:16","slug":"metaplanet-gains-1-4-million-from-bitcoin-hedging-strategy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/metaplanet-gains-1-4-million-from-bitcoin-hedging-strategy\/","title":{"rendered":"Metaplanet Gains $1.4 Million from Bitcoin Hedging Strategy"},"content":{"rendered":"<p>The Japanese public company Metaplanet <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/1e4bf34c\/16a7\/4fab\/864b\/38a028ce365d\/140120240927590470.pdf\">received 23.972 BTC<\/a> (~$1.46 million) as a premium from selling put options on its bitcoin holdings. QCP Capital facilitated the transaction.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBy selling 223 contracts, the firm will increase its digital gold reserves if prices fall below the strike price of $62,000 at the expiration on December 27,\u201d<\/em> the statement reads.<\/p>\n<\/blockquote>\n<p>The sale of options entails the obligation to purchase coins if the specified condition occurs on the given date.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cSince the transaction is fully cash-secured, the company has reserved the required amount. There is no additional financial risk compared to direct bitcoin acquisition,\u201d<\/em> assured Metaplanet.<\/p>\n<\/blockquote>\n<p>To secure the $13.8 million options short, the organization raised funds by exercising rights to purchase its shares.<\/p>\n<p>This initiative aligns with a strategy aimed at strengthening long-term positions in the leading cryptocurrency.<\/p>\n<p>Metaplanet directed the received premium to increase its bitcoin reserves to 530.717 BTC (~$32.4 million).<\/p>\n<p>The company&#8217;s head, Simon Gerovich, explained that the inherent volatility of digital gold \u201ccreates opportunities to generate more coins.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"ja\" dir=\"ltr\">?\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306e\u30d7\u30c3\u30c8\u30aa\u30d7\u30b7\u30e7\u30f3\u53d6\u5f15\u306b\u95a2\u3059\u308b\u304a\u77e5\u3089\u305b\u2026 <a href=\"https:\/\/t.co\/7zvDq70xln\">https:\/\/t.co\/7zvDq70xln<\/a><\/p>\n<p>\u2014 Simon Gerovich (@gerovich) <a href=\"https:\/\/twitter.com\/gerovich\/status\/1841721457560453425?ref_src=twsrc%5Etfw\">October 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In early October, Metaplanet&#8217;s bitcoin holdings exceeded 500 BTC.<\/p>\n<p>Back in August, Gerovich <a href=\"https:\/\/forklog.com\/en\/news\/metaplanet-ceo-advocates-bitcoin-accumulation-as-holdings-surpass-300-btc\">advocated<\/a> for \u201calways accumulating the first cryptocurrency.\u201d Metaplanet <a href=\"https:\/\/forklog.com\/en\/news\/japanese-firm-metaplanet-to-raise-6-3-million-for-bitcoin-acquisition\">utilizes<\/a> borrowed capital for investments. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese public company Metaplanet received 23.972 BTC (~$1.46 million) as a premium from selling put options on its bitcoin holdings. QCP Capital facilitated the transaction. \u201cBy selling 223 contracts, the firm will increase its digital gold reserves if prices fall below the strike price of $62,000 at the expiration on December 27,\u201d the statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,135],"class_list":["post-17496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-japan"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17496"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17495"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}