TechFlow News, April 24: According to a Business Wire report, Nasdaq-listed Nakamoto announced its actively managed Bitcoin derivatives program, set to commence in Q1 2026. The program aims to generate recurring volatility-based returns on a portion of the company’s Bitcoin holdings while hedging against some downside risk in Bitcoin’s price.
The program will be managed by Bitwise Asset Management through a separately managed account, with the underlying Bitcoin held and pledged as collateral under Kraken’s qualified custodial solution. The strategy comprises covered call options and call spreads on the income-generating side, and protective put options and put spreads on the hedging side. Nakamoto stated that premiums generated from the program may be used to cover hedging costs, acquire additional Bitcoin, or for general corporate purposes; results for Q1 2026 will be included in the company’s quarterly Form 10-Q filing.
