Cash covered calls to recoup losses?


I invested 50k into a BTC mining company at the end of 2021. It’s down ~80%. I still think the company is very undervalued and I don’t currently need the money so I’m planning (perhaps misguidedly) to hold on to my shares indefinitely. While I hold on to these, would it be a wise decision to sell cash covered calls? I just feel like these shares are collecting dust and losing value and want to somehow make money with what I have invested. I was even thinking of realizing 3k of losses annually for tax deduction. Thoughts on all this? If there is another way to recoup even some losses or if I’m being a complete idiot, I’m all ears.


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