Meliuz launches options-based Bitcoin strategy to expand reserves

Odaily Planet Daily News Brazilian listed company Meliuz has unveiled a new Bitcoin acquisition strategy that will use cash-backed option contracts to expand its existing reserves of more than 600 bitcoins. It is reported that Meliuz will sell put options at specific exercise prices. For example, if an option contract with an exercise price of US$95,000 is sold, if the price of Bitcoin is higher than this when it expires, the company can earn option fees. (Bitcoin.news)