Bitcoin: Is It Now Changing from a 'Holding' to an 'Income-Generating' Asset?

▲ Bitcoin (BTC) ©Godasol

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

On April 24th (local time), according to investment specialized media outlet FXStreet, Nakamoto, a Bitcoin (BTC) financial strategy firm, has introduced an active management program utilizing derivatives to generate profits and manage downside risk. The program has already been operational since Q1 2026 and is designed with a structure that complements Bitcoin holding strategies.

The core of this 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, by combining protective put options and put spreads, it also operates a hedging strategy that limits losses during price downturns.

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

Notably, Bitcoin allocated to this program, even if used as option collateral, still remains a company-held asset. 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. Nakamoto's Chief Investment Officer, Tyler Evans, emphasized that they have built a framework to systematically monetize volatility itself.

This move demonstrates a trend where Bitcoin financial firms are moving beyond mere accumulation and expanding into 'income-generating operations'. 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.*