Nasdaq-listed Nakamoto launches Bitcoin Derivatives Program

Odaily Planet Daily News Nasdaq-listed company Nakamoto announced the launch of the 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 within a separately managed account (SMA), the program aims to generate ongoing premium income through covered calls and call spreads, while hedging against market value fluctuations caused by Bitcoin price declines using protective puts and put spreads. (Businesswire)