Deep Tide TechFlow News, February 28 — According to Hong Kong Economic Daily, Hong Kong-listed company Coolpad Group disclosed that it has spent approximately HKD 38.89 million (USD 4.98 million) to purchase 39,000 shares of Bitcoin treasury company Strategy. In addition, the company also disclosed the sale of 390 MSTR call options (short calls), involving 39,000 shares, with a premium of USD 51,210 (about HKD 40,000). The options are set to expire on March 6, with a strike price of USD 150, which is 15.8% higher than MSTR’s Friday closing price of USD 129.50. Assuming all MSTR call options are exercised, combined with the premium received and the sale of shares, Coolpad Group expects to recognize a profit of approximately USD 920,000 (about HKD 7.19 million).
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Coolpad Group invests HKD 38.89 million to purchase 39,000 shares of Strategy and sells call options.
Deep Tide TechFlow News, February 28 — According to Hong Kong Economic Daily, Hong Kong-listed company Coolpad Group disclosed that it has spent approximately HKD 38.89 million (USD 4.98 million) to purchase 39,000 shares of Bitcoin treasury company Strategy. In addition, the company also disclosed the sale of 390 MSTR call options (short calls), involving 39,000 shares, with a premium of USD 51,210 (about HKD 40,000). The options are set to expire on March 6, with a strike price of USD 150, which is 15.8% higher than MSTR’s Friday closing price of USD 129.50. Assuming all MSTR call options are exercised, combined with the premium received and the sale of shares, Coolpad Group expects to recognize a profit of approximately USD 920,000 (about HKD 7.19 million).