Nasdaq-listed Nakamoto Announces Bitcoin Derivatives Initiative

According to Business Wire, Nasdaq-listed Nakamoto announced its actively managed Bitcoin derivatives program, set to commence in the first quarter of 2026. The program aims to generate recurring volatility-based returns on a portion of the company’s Bitcoin holdings while hedging against some downside risk in Bitcoin’s price. The program is managed by Bitwise Asset Management through a separately managed account, with the underlying Bitcoin held by Kraken’s qualified custody solution and used as collateral. The strategy includes covered call options and call spreads on the income-generating side, and protective put options and put spreads on the hedging side. Nakamoto stated that the premiums generated from the program may be used to cover hedging costs, acquire additional Bitcoin, or for general corporate purposes. Results from the first quarter of 2026 will be included in the company’s quarterly Form 10-Q filing.