TechFlow news: On February 28, according to the Hong Kong Economic Journal, Coolpad Group—a Hong Kong-listed company—disclosed that it has spent approximately HK$38.89 million (US$4.98 million) to acquire 39,000 shares of Bitcoin treasury company Strategy. Additionally, the company disclosed selling 390 MSTR short call options, covering 39,000 shares, and collected a premium of US$51,210 (approximately HK$400,000). These call options expire on March 6, with a strike price of US$150—15.8% higher than MSTR’s closing price of US$129.50 on Friday. Assuming all MSTR call options are exercised, Coolpad Group expects to recognize a gain of approximately US$920,000 (around HK$7.19 million), inclusive of the option premium and proceeds from the share sale.
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