Brazilian company Meliuz has unveiled a new options-based strategy to enhance its Bitcoin holdings, aiming to increase its reserves in a low-risk manner. The company plans to sell put options with a predetermined strike price, allowing it to earn premiums if Bitcoin's price exceeds this level at expiration. This approach is backed by less than 10% of Meliuz's operating cash reserves, ensuring risk mitigation. While the company has over 600 Bitcoins in reserve, it has not disclosed the professional partners involved in this strategy.