MetaPlanet revises its Bitcoin capital allocation policy, retaining the option to buy BTC in bear markets.

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MetaPlanet adjusts its Bitcoin capital allocation policy to emphasize capital preservation and asset allocation. The firm will maintain its long-term BTC holding strategy while expanding fundraising through preferred shares, common stock, bonds, and BTC-backed credit lines. With 35,100 BTC in its treasury, the company will prioritize share buybacks when mNAV falls below 1x to increase BTC per share. It also retains the option to acquire additional BTC through rights offerings during bear markets. Leverage will remain under 10% of BTCNAV.

Odaily Planet Daily report: Japanese Bitcoin treasury company MetaPlanet has announced an update to its Capital Allocation Policy, maintaining its long-term Bitcoin holding strategy while increasing flexibility in fundraising and share repurchases. The company currently holds approximately 35,100 BTC.

Under the new policy, MetaPlanet plans to raise funds through various means, including perpetual preferred shares, common stock issuance, corporate bonds, and credit facilities secured by BTC collateral. When the mNAV falls below 1x, the company will prioritize share repurchases to increase the amount of BTC held per share.

In addition, the company stated that it will retain the option to increase its BTC holdings during a bear market through a rights offering, provided it determines such action is in the long-term interest of shareholders, and plans to keep its overall leverage level below approximately 10% of BTCNAV.

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