Nasdaq-listed Nakamoto Launches Bitcoin Derivatives Program

Odaily Planet Daily News: Nasdaq-listed company Nakamoto announced the launch of its Bitcoin Derivatives Program, which involves placing a portion of its Bitcoin holdings in Kraken’s compliant custody solution as collateral for derivatives strategies. Managed by Bitwise in a separately managed account (SMA), the program aims to generate ongoing premium income through covered call options and call spread strategies, while hedging against market value fluctuations caused by Bitcoin price declines using protective put options and put spread strategies. (Businesswire)