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

ChainCatcher news, according to Bitcoin.com, Brazilian publicly traded company Meliuz has launched a new strategy aimed at continuing to increase its Bitcoin holdings in a low-risk manner. Specifically, the company plans to implement an options-based strategy to leverage these derivatives and Bitcoin price fluctuations to expand its existing reserve of over 600 Bitcoins.

According to local media reports, Meliuz will sell put options with specific strike prices. For example, by selling options contracts with a strike price of $95,000, if the Bitcoin price is above this at expiration, the company can earn the option premium. To control risk, these options are secured with less than 10% of the operational cash reserves. Meliuz also stated that this innovative strategy has the support of "professional partners" in the relevant trading field, but did not disclose the names of specific institutions.