Article

Metaplanet revises capital allocation policy, plans to allocate up to 90%of its assets to BTC

PANews October 5 news, according to an official announcement, Japanese listed company Metaplanet announced a further revision to its capital allocation policy. Following the revision, will, as a general principle, account for approximately 85%to 90%of total assets, with an additional strategic investment allocation of approximately 10%to 15%of total assets, covering financial platform acquisitions, yield-generating assets, and investment capital for asset management businesses. This strategic investment allocation will, in principle, be funded through BitBonds, borrowings, -collateralized credit financing, perpetual preferred shares, and other non-dilutive financing for common shareholders, and will be managed separately from ALM, without being subject to the guideline that -related borrowings remain below BTC NAV approximately 10%. Credit-financing borrowings used to acquire and hold will remain controlled at BTC NAV approximately 10%or below, while permanent equity capital will remain the primary source of acquisition funding. The company also launched a net interest income strategy, investing the above financing in yield-generating...