MetaPlanet Revises Bitcoin Capital Allocation Policy: Retains Option to Buy BTC During Bear Markets

PANews reported on March 16 that MetaPlanet, a Japanese Bitcoin treasury company, announced revisions to its Capital Allocation Policy. While maintaining its long-term Bitcoin holding strategy, the policy aims to enhance its fundraising and buyback flexibility. The company currently holds approximately 35,100 BTC and will continue to raise funds through various means, including perpetual preferred stock, common stock issuance, corporate bonds, and BTC-collateralized credit lines. The new policy explicitly states that when the mNAV (monetary National Account Value) falls below 1, priority will be given to repurchasing shares to increase the BTC holding per share. Simultaneously, when determining that the policy is beneficial to shareholders in the medium to long term, the possibility of implementing rights offerings to increase BTC holdings during bear markets will be retained, while keeping leverage below approximately 10% of the BTCNAV.