Metaplanet

Everyone is misreading the Metaplanet collapse.

The inventory is down 85% to 307 JPY. Retail buyers are panicking because they solely take a look at the purple chart. But in case you dig into the actual technique, the image modifications.

They maintain 35,102 BTC. As an alternative of simply buying spot and hoping for a moonshot, CEO Simon Gerovich is promoting put choices. This brings in money premiums now and lets them acquire $BTC under market worth later. It isn't a blind guess on quantity go up. It's a mathematical plan to accumulate belongings while the market bleeds.

Is promoting puts to accumulate Bitcoin genius or just a difficult approach to go broke?