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The latest announcement is out from Coolpad Group ( (HK:2369) ).
Coolpad Group’s wholly owned unit Digital Tech has sold 390 call options over 39,000 MicroStrategy shares, raising US$51,210 in option premiums while setting a strike price of US$150 per share, about 112% of the prevailing spot price. The options, expiring on 6 March 2026, are physically settled, meaning Digital Tech must deliver the underlying MSTR shares if exercised.
The transaction, conducted in the open market with independent counterparties, qualifies as a discloseable transaction under Hong Kong listing rules, triggering reporting and announcement obligations but not shareholder approval. The pricing reflects Coolpad’s average acquisition cost for MSTR shares, current market levels and its investment policy, signalling an attempt to enhance returns and manage risk on its recently acquired MSTR position through derivative strategies.
The most recent analyst rating on (HK:2369) stock is a Sell with a HK$0.69 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.
More about Coolpad Group
Coolpad Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Digital Tech and engages in investment activities alongside its core technology-related businesses. The group actively manages a portfolio that now includes U.S.-listed MicroStrategy (MSTR) shares and related derivatives as part of its broader investment plan and policy.
YTD Price Performance: -32.29%
Average Trading Volume: 1,823,302
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$215.8M
For detailed information about 2369 stock, go to TipRanks’ Stock Analysis page.