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Meliuz launches options-based Bitcoin strategy to expand reserves
Odaily News: Brazilian listed company Meliuz announced a new Bitcoin acquisition strategy that will utilize cash-backed options contracts to expand its existing reserve of over 600 Bitcoins. It is reported that 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 will earn the option premium. (Bitcoin.news)