Metaplanet

Everyone seems to be misreading the Metaplanet collapse.

The inventory is down 85% to 307 JPY. Retail buyers are panicking as a result of they solely take a look at the pink chart. But in the event you dig into the precise technique, the picture modifications.

They hold 35,102 BTC. As an alternative of just buying spot and hoping for a moonshot, CEO Simon Gerovich is selling put options. 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 is a mathematical plan to accumulate belongings while the market bleeds.

Is selling places to accumulate Bitcoin genius or just a difficult method to go broke?