Brazilian company Meliuz uses low-risk strategy to increase Bitcoin

Brazilian listed company Meliuz has unveiled a new strategy aimed at increasing its holdings of Bitcoin through low-risk ways. The company plans to implement an options-based strategy to take advantage of Bitcoin price fluctuations and expand its current reserves of over 600 bitcoins. According to local media reports, Meliuz plans to sell put options with specific strike prices. For example, by selling an option contract with a strike price of $95,000, the company can earn an option fee if the price of Bitcoin exceeds that level at expiration. To manage risks, these options have less than 10% of the company's operating cash reserves. Meliuz also said the innovative strategy was supported by “professional partners” in the transaction field, but the names of these institutions have not been disclosed.