Bitcoin: Shifting from a 'Holding' to a 'Profit-Generating' Asset?

▲ Bitcoin (BTC) ©Dasol Ko

Attempts to transform Bitcoin from a simple holding into a 'profit-generating asset' are gaining full momentum.

According to the investment media outlet FXStreet on April 24 (local time), Nakamoto, a Bitcoin (BTC) financial strategy firm, has introduced an active management program utilizing derivatives to generate profits and manage downside risk. This program has already been operational since Q1 2026 and is designed to complement Bitcoin holding strategies.

The core is a structure that converts volatility into profit. Nakamoto utilizes a portion of its held Bitcoin to execute covered call and call spread strategies, securing volatility premiums in the options market to generate recurring revenue. Simultaneously, it operates a hedging strategy that limits losses during price declines by combining protective put options and put spreads.

This structure runs on institutional-grade infrastructure. Bitcoin is held in Kraken's custody, and Bitwise manages the derivative strategies through a separate account. Nakamoto explained that the secured premiums can be used not only to offset hedging costs but also for additional Bitcoin purchases or corporate capital allocation.

Notably, Bitcoin allocated to this program remains a company-held asset even when utilized as options collateral. This is not simple trading but part of a long-term financial strategy, a structure that simultaneously pursues profit and defense based on Bitcoin assets. Tyler Evans, Nakamoto's Chief Investment Officer, emphasized that they have built a framework to systematically monetize volatility itself.

This move demonstrates a trend among Bitcoin financial firms to expand beyond simple accumulation to 'profit-oriented management'. Nakamoto plans to disclose its Q1 operational performance through future announcements, and it remains to be seen whether this new profit model utilizing Bitcoin will spread across the market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*