Nakamoto (NAKA) Launches Bitcoin Derivatives Program to Capture Volatility Income and Hedge Downside Risk
Bitcoin Magazine
Nakamoto Inc. has introduced an active derivatives strategy to generate yield from Bitcoin volatility while hedging against potential downside price movements.Summary
Nakamoto Inc. has implemented a new Bitcoin derivatives program, managed by Bitwise Asset Management with custody provided by Kraken Institutional. The strategy utilizes a portion of the company’s Bitcoin holdings as collateral to execute a dual-sleeve approach: an income sleeve that writes covered calls to capture volatility premiums, and a hedging sleeve that employs protective puts to mitigate downside risk. This initiative aims to enhance shareholder value and provide balance sheet stability without replacing the company’s core long-term Bitcoin treasury strategy.
(Source：Bitcoin Magazine)