Brazilian listed company Meliuz launches an options-based Bitcoin strategy to expand its capital reserves
ChainCatcher news, according to Bitcoin.com, Brazilian listed company Meliuz has launched a new strategy aiming to continue increasing its bitcoin holdings in a low-risk manner. Specifically, the company plans to implement an options-based strategy, using these derivatives and bitcoin price volatility to expand its current reserve of over 600 bitcoins.
According to local media reports, Meliuz will sell put options with specific strike prices. For example, by selling option contracts with a strike price of $95,000, if the bitcoin price is above this level at expiration, the company can earn the option premium. To control risk, these options are collateralized with less than 10% of the company's operating cash reserves. Meliuz also stated that this innovative strategy is supported by "professional partners" in the relevant trading field, but did not disclose specific institution names.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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