Metaplanet Stock Surges on Bitcoin Strategy
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Metaplanet Stock SoarsCoinGape
•Metaplanet stock price surges 9% following Bitcoin strategy update and revenue boost
60% Informative
Metaplanet Inc. stock price surges 9% following Bitcoin strategy update and revenue boost.
Firm rolls up Bitcoin put options to a $ 66,000 strike price, increasing nominal yield.
Metaplanet generates JPY 57.9M in additional premium from Bitcoin options transactions.
CEO Simon Gerovich said that this adjustment aligns with the firm’s ongoing strategy to capitalize on Bitcoin 's volatility.
Bitcoin price has faced highly volatile trading lately amid macroeconomic developments and other market trends.
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