Coolpad Group Limited (2369) published an announcement disclosing that on 26 February 2026 (Eastern Standard Time), its wholly owned subsidiary Digital Tech Inc. sold 390 MSTR call options in the open market, covering 39,000 MSTR shares. The premiums from these options totaled US$0.05 million. Each option grants its holder the right, prior to or on the 6 March 2026 expiration date, to purchase the underlying MSTR shares at a strike price of US$150.00 per share. If all call options are exercised, the total proceeds are expected to reach US$5.90 million, exceeding the historic cost of US$4.98 million and generating a potential gain of US$0.92 million.

According to the announcement, MSTR is a Bitcoin Treasury company that reported revenue of US$477.23 million for the year ended 31 December 2025, with a net loss of US$3.85 billion. Its audited consolidated net asset value was approximately US$44.12 billion as of 31 December 2025. The sale of these call options constitutes a discloseable transaction under Chapter 14 of the Listing Rules, as the highest applicable percentage ratio exceeds 5% but remains below 25%. The Board stated that this transaction aligns with the company’s investment strategy and aims to balance downside risk while potentially enhancing returns on its MSTR shareholding.