Nakamoto Launches Bitcoin Derivatives Program

Nakamoto, a Nasdaq-listed company, has announced the initiation of a Bitcoin derivatives program. According to Foresight News, the company plans to place a portion of its Bitcoin holdings in Kraken's compliant custody solution as collateral for its derivatives strategy. Bitwise will manage these assets in a separately managed account (SMA), employing covered call and call spread strategies to generate consistent premium income. Additionally, protective put and put spread strategies will be used to hedge against market value fluctuations due to potential declines in Bitcoin prices.