Nakamoto unveils Bitcoin derivatives program for yield

Nakamoto launched a Bitcoin derivatives program with Bitwise and Kraken, using options to generate income and hedge risk while keeping long-term Bitcoin exposure.

Nakamoto has introduced an actively managed Bitcoin derivatives program in collaboration with Bitwise Asset Management and Kraken Institutional. Launched in Q1 2026, the initiative utilizes a portion of Nakamoto’s Bitcoin holdings as collateral within a separately managed account. The program employs options strategies such as covered calls, call spreads, protective puts, and put spreads. These approaches are designed to generate recurring income from market volatility and provide downside risk protection. Premiums earned can be used to fund hedges, increase Bitcoin holdings, or cover corporate expenses. This strategy enables Nakamoto to monetize options premiums while maintaining long-term Bitcoin exposure, aligning with a broader trend among treasury firms seeking yield without liquidating assets. Program results will be reflected in Nakamoto’s Q1 2026 financial filings.