Worth reading
51Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
361675
Yen (total realized premiums for May 2026)Wording
Conditional
How definitive the wording is.Decision and Details
Ethereum (ETH) put option sales activity
Period CoveredOption trading results for May 2026 and ongoing monthly operations
ImplementationDuring May 2026 (actual dates: 1 May, 22 May and 29 May)
Going forwardThe Target Buying Strategy will continue to be used, with operating results disclosed monthly going forward.
AmountTotal realized premiums for May 2026: ¥361,675; total acquisition cost: ¥1,151,712,800; effective acquisition price for 50 ETH after deducting premiums: approximately ¥352,773
Quantity / scale50 ETH acquired upon exercise; total trading volume in May 2026: 250 ETH (50 ETH, 20 ETH, 85 ETH and 95 ETH); holdings: 2,676.0863 ETH
Reason
To acquire Ethereum in a disciplined manner at an effective price discounted to the market price and reduce the effective acquisition cost. The policy is to limit trading to periods when implied volatility exceeds realized volatility.
| Item | Details |
|---|---|
| Matter Covered | Ethereum (ETH) put option sales activity |
| Implementation Date | During May 2026 (actual dates: 1 May, 22 May and 29 May) |
| Period Covered | Option trading results for May 2026 and ongoing monthly operations |
| Amount | Total realized premiums for May 2026: ¥361,675; total acquisition cost: ¥1,151,712,800; effective acquisition price for 50 ETH after deducting premiums: approximately ¥352,773 |
| Quantity / scale | 50 ETH acquired upon exercise; total trading volume in May 2026: 250 ETH (50 ETH, 20 ETH, 85 ETH and 95 ETH); holdings: 2,676.0863 ETH |
| Reason | To acquire Ethereum in a disciplined manner at an effective price discounted to the market price and reduce the effective acquisition cost. The policy is to limit trading to periods when implied volatility exceeds realized volatility. |
| Related previous disclosures | “Notice Regarding the Launch of the Target Buying Strategy (Cash-Secured Put)” dated 7 May 2026; “Notice Regarding the Additional Acquisition of Ethereum (ETH) Under the Target Buying Strategy” dated 12 May 2026 |
| Future plans | The Target Buying Strategy will continue to be used, with operating results disclosed monthly going forward. |
Items this document does not state (4)
Decision-Making BodyDecision DateImpact on Business PerformanceGoverning Rule
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To acquire Ethereum in a disciplined manner at an effective price discounted to the market price through put option sales, thereby reducing the effective acquisition cost per ETH held.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.