Metaplanet

Everyone seems to be misreading the Metaplanet collapse.

The stock is down 85% to 307 JPY. Retail buyers are panicking because they only take a look at the pink chart. However in case you dig into the precise strategy, the picture modifications.

They hold 35,102 BTC. As an alternative of simply shopping for spot and hoping for a moonshot, CEO Simon Gerovich is promoting put choices. This brings in cash premiums now and lets them acquire $BTC under market worth later. It isn't a blind guess on number go up. It's a mathematical plan to build up belongings while the market bleeds.

Is selling puts to accumulate Bitcoin genius or just a difficult approach to go broke?