WuBlockchain
Metaplanet revised its capital allocation policy to target 85%–90% of total assets in Bitcoin and 10%–15% in strategic investments, including M&A, income-generating securities and asset-management strategies. The company held 44,000 BTC as of September 30.
Why it matters
The policy keeps Bitcoin at the center of Metaplanet’s corporate treasury while setting aside a smaller allocation for investments intended to generate income or support strategic growth. The company also introduced a Net Interest Income Strategy to create recurring cash flow that can support further Bitcoin accumulation.
Market impact
Metaplanet says Bitcoin-related borrowings will generally remain below about 10% of BTC net asset value. It will use common-stock issuance selectively when its market-to-net-asset-value ratio is above 1.0x. The policy links future accumulation to both cash generation and favorable equity-market conditions.
Source: [source](https://contents.xj-storage.jp/xcontents/33500/19bdd7b9/93dc/4502/a96b/6a6255aabed0/140120261005546271.pdf)
Frequently asked questions
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What share of its assets does Metaplanet plan to allocate to Bitcoin?
Metaplanet targets roughly 85%–90% of total assets in Bitcoin. It plans to allocate 10%–15% to strategic investments.
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How much Bitcoin did Metaplanet hold as of September 30?
Metaplanet held 44,000 BTC as of September 30.
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What is Metaplanet's Net Interest Income Strategy intended to do?
The strategy is intended to generate recurring cash flow that can support further Bitcoin accumulation.
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How does Metaplanet plan to limit Bitcoin-related borrowing?
The company says Bitcoin-related borrowings will generally be kept below about 10% of BTC net asset value.
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When will Metaplanet use common-stock issuance?
Metaplanet says it will use common-stock issuance selectively when its market-to-net-asset-value ratio is above 1.0x.
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