MetaPlanet revises bitcoin capital allocation policy: retains option to increase BTC holdings during bear market

PANews reported on March 16 that Japanese Bitcoin treasury company MetaPlanet announced a revision of its Capital Allocation Policy, aiming to maintain its 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 multiple channels, including perpetual preferred shares, common stock issuance, corporate bonds, and credit lines collateralized by BTC. The new policy specifies that when mNAV is below 1x, the company will prioritize stock buybacks to increase BTC holdings per share. Additionally, it retains the option to implement a Rights Offering to accumulate more BTC during bear markets when deemed beneficial for shareholders in the medium to long term, while keeping leverage under approximately 10% of BTCNAV.