Someone just placed a $1.2B bet that Bitcoin will hit $140K by September 😮
This was a massive call option strategy executed via Paradigm, with $50M in premiums paid upfront. The buyer is targeting multiple strike prices, all deep out of the money. Here’s what they bought:
Expiring July 25, 2025:
🟢1000 BTC bet that Bitcoin will hit $120K by July 25
🟢750 BTC at $118K
🟢1000 BTC at $115K
🟢1000 BTC at $112K
Expiring September 26, 2025:
🟢3800 BTC at $115K
🟢3800 BTC at $140K
This is a one-sided bet. If BTC doesn't rally to at least those strike levels by expiry — all of it expires worthless. The $50M premium paid becomes a total loss if price stays below the lowest strike.
So the question is: does this player know something? Or are they just swinging for a 10-figure upside? 😐
