MetaPlanet revises Bitcoin capital allocation policy, retaining the option to increase BTC holdings during a bear market
MetaPlanet, a Japanese btc-42">Bitcoin treasury company, announced the revision of its "Capital Allocation Policy," which maintains a long-term Bitcoin holding strategy while increasing flexibility in fundraising and buybacks.
The company currently holds approximately 35,100 BTC and will continue to raise funds through various means such as perpetual preferred shares, common stock issuance, corporate bonds, and credit lines secured by BTC. The new policy specifies that when mNAV is below 1x, priority will be given to repurchasing shares to increase the per-share BTC holdings. At the same time, it retains the possibility of implementing a Rights Offering to increase BTC holdings during a bear market when it is deemed beneficial for shareholders in the medium to long term, while keeping leverage below about 10% of BTCNAV.
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