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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
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Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Metaplanet Inc. Rolls Up Bitcoin Options to $66000

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The post Metaplanet Inc. Rolls Up Bitcoin Options to $66000 appeared first on Coinpedia Fintech News

Metaplanet Inc. has successfully executed a roll-up transaction for its Bitcoin put options in collaboration with QCP Capital. The Company repurchased 223 put options with a strike price of $62000 and replaced them with new options at $66000, both maturing on December 27, 2024. This adjustment increases the nominal yield by 2.65%, totaling 13.40%. Metaplanet received 5.9095 BTC as part of this whopping transaction, raising its total BTC holding to 861. 387 BTC. At present the company is facing a potential risk if Bitcoin drops below the new strike price, it will be a call to purchase BTC at $66000.

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