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MetaPlanet revises Bitcoin capital allocation policy, retains option to increase BTC holdings in bear market
Summary: According to reports, Japanese Bitcoin treasury company MetaPlanet has announced a revision to its 'Capital Allocation Guidelines', aiming to maintain a long-term strategy of holding Bitcoin while increasing flexibility in fundraising and buybacks. The company currently holds approximately 35,100 BTC and plans to continue raising funds through various means such as perpetual preferred shares, common ...
According to reports, Japanese Bitcoin treasury company MetaPlanet has announced a revision to its 'Capital Allocation Guidelines', aiming to maintain a long-term strategy of holding Bitcoin while increasing flexibility in fundraising and buybacks. The company currently holds approximately 35,100 BTC and plans to continue raising funds through various means such as perpetual preferred shares, common stock issuance, corporate bonds, and credit lines collateralized by BTC. The new policy specifies prioritizing stock buybacks when mNAV is below 1x to increase the per-share BTC holdings, while retaining the option to implement Rights Offering when deemed beneficial for shareholders in the medium to long term to potentially increase BTC holdings in a bear market, with leverage controlled to around 10% of BTCNAV or less.
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Link: MetaPlanet revises Bitcoin capital allocation policy, retains option to increase BTC holdings in bear market [Copy]
