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CoinGape

Metaplanet Profits $1.4M From Bitcoin Put Options, Grows Holdings To 530 BTC

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Summary
Nutrition label

77% Informative

Metaplanet Inc. earned $1.46 million by selling Bitcoin put options, boosting its total Bitcoin holdings to 530.717 BTC.

Japanese investment firm's stock has surged 408% this year , with shares reaching a high of 3,000 yen .

Firm sold 223 put options with a strike price of $ 62,000 per Bitcoin , set to mature on December 27, 2024 .

Metaplanet’s engagement in Bitcoin options comes during a period of volatility in the digital currency market.

VR Score

69

Informative language

64

Neutral language

40

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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