TechFlow news, on October 16, according to The Block, Japanese-listed company Metaplanet Inc. announced it has raised the strike price of its Bitcoin put options from $62,000 to $66,000, while keeping the expiration date unchanged at December 27. Simon Gerovich, CEO of Metaplanet, said the transaction generated additional option premium income of 57.9 million yen, bringing the total option premium income for the year to 272.5 million yen. The company maintains its margin balance of approximately $13.8 million, funded from proceeds of previous stock warrant exercises.
Specifically, Metaplanet repurchased 223 Bitcoin put options with a strike price of $62,000 and simultaneously sold the same number of put options with a strike price of $66,000. This adjustment increased the company's nominal yield by 2.65 percentage points to a total of 13.40%, generating option premiums totaling 5.9 Bitcoin.
