Nakamoto Inc., according to an official company statement, has created a Bitcoin derivatives program actively managed. The aim is to generate income through market volatility whilst reducing the downside. statement Released Friday
The program has been running since the first three months of 2026 and is designed as an addition to Nakamoto’s Core strategy is to hold Bitcoins as a Treasury Asset. Bitwise Asset Management manages a separate managed account that uses part of the Bitcoin held by the company as collateral for a derivatives trading strategy. Kraken Institutional offers custody services.
This initiative is centered around two main components: a income sleeve as well as a hedging layer. Income sleeve is a strategy that involves covered calls or call spreads on a certain share of Nakamoto’s Bitcoins. The idea is to take advantage of the options market, which often has implied volatility that exceeds actual volatility.
The hedge sleeve is a strategy that focuses on buying protective put and spreads. The positions aim to protect against market volatility by reducing the risk of losses in periods when prices are declining. Premiums earned from income sleeves could help pay for these protective positions, according to the firm.
Bitcoin volatility is an opportunity
Tyler Evans is the chief investment officer at Nakamoto, UTXO Management. He said his firm sees Bitcoin’s implied volatilty as a source of consistent opportunity. The program is a systematic effort to turn that volatility into shareholder values while still maintaining exposure to the asset.
Bitcoins used for collateral in the program remain under Nakamoto’s ownership, and continue to be included as part of its holdings. The company stressed that its derivatives exposure is not intended to replace the spot Bitcoin.
Depending on the trade structure, premiums can either be in Bitcoins or U.S. dollar. Nakamoto explained that the proceeds from this program can be spent on hedging, Bitcoin purchases or corporate general needs, depending on its capital allocation policy.
Programs operate under an investment mandate that sets limits for notional risk, instruments eligible, counterparties and requirements of custody. The program also takes into account the balance between income and possible limits to upside participation from call options.
Nakamoto described the strategy in terms of an overall effort to maximize yields from Bitcoin Treasury while achieving long-term goals. The company stated that the hedge component was intended to help support the balance sheet and minimize the risk of asset sales forced during times of market stress.
Nakamoto will be filing a 10-Q in the near future, detailing performance data from the first quarter.
Bitcoin Magazine is published in the United States by BTC Inc., a division of Nakamoto Inc.
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Source: bitcoinmagazine.com
