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

CoinFeed reported on March 16 that Japanese Bitcoin treasury company MetaPlanet announced revisions to its Capital Allocation Policy, maintaining 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 diverse methods, including perpetual preferred stock, common stock issuance, corporate bonds, and BTC-collateralized credit lines. The new policy explicitly states that it will prioritize stock buybacks to increase its BTC holdings per share when mNAV falls below 1, while retaining the possibility of rights offerings to increase BTC holdings during bear markets when it determines that the medium- to long-term interests are favorable to shareholders, and will keep leverage below approximately 10% of BTCNAV.