Hong Kong-listed Coolpad Group Limited (02369) announced that its wholly owned subsidiary, Digital Tech Inc., sold 390 covered call options over 39,000 Class A shares of MicroStrategy Inc. (MSTR) on 10 March 2026 (EST), generating option premiums of US$0.03 million (HK$0.24 million).

The transaction comprises: 1. 240 call options (24,000 shares) expiring 13 March 2026 with a strike price of US$152.50, raising premiums of US$0.01 million (HK$0.11 million). 2. 150 call options (15,000 shares) expiring 10 April 2026 with a strike price of US$190.00, raising premiums of US$0.02 million (HK$0.13 million).

If all options are exercised, counterparties would pay an additional US$6.51 million (HK$50.84 million) for the shares, lifting total proceeds from the trade to US$6.54 million (HK$51.08 million). Based on an average acquisition cost of US$127.58 per MSTR share (US$4.98 million in aggregate), management estimates a potential gain of roughly US$1.56 million (HK$12.18 million), subject to audit and the actual exercise outcome.

Earlier, a batch of call options disclosed on 27 February 2026 expired unexercised on 6 March 2026, allowing Coolpad to recognise premiums of US$0.05 million (HK$0.40 million) as investment income without relinquishing any shares.

The latest option sale, combined with the earlier transaction, triggers a “discloseable transaction” classification under Chapter 14 of the Hong Kong Listing Rules, as the highest applicable percentage ratio exceeds 5 % but remains below 25 %. No shareholder approval is required.

Post-transaction, Digital Tech continues to hold 39,000 MSTR shares—approximately 0.01 % of the U.S. firm’s outstanding stock. Full exercise of all outstanding call options would result in the disposal of the entire stake.

Proceeds, including any exercise settlement, are earmarked for general working capital. Management stated that the strategy seeks to monetise short-term market volatility in MSTR while maintaining a long-term constructive view on the U.S. company.