Brazilian listed company Meliuz launches options-based Bitcoin strategy to expand capital reserves

According to ChainCatcher, according to Bitcoin.com, Brazilian listed company Meliuz has launched a new strategy, intending to continue to increase its holdings in Bitcoin in a low-risk manner. Specifically, the company should implement an option-based strategy to use these derivatives and Bitcoin price fluctuations to expand its existing reserves of more than 600 Bitcoins. According to local media reports, Meliuz will sell put options at specific exercise prices. For example, if an option contract with an exercise price of $95,000 is sold, if the price of Bitcoin is higher than this when it expires, the company can earn option fees. To control risks, these options are less than 10% of their operating cash reserves guaranteed. Meliuz also said that this innovative strategy was supported by "professional partners" in the relevant trading areas, but did not disclose the specific organization name.