Another day
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On October 28, according to Metaplanet's disclosure, the company's board of directors passed a resolution to formulate a new capital allocation policy. As of October 28, the company holds 30,823 $BTC (approximately 540.00 billion yen), making it the largest $BTC treasury company in Asia. The new policy includes three core principles: prioritize the use of perpetual preferred stock for financing to maximize $BTC yield; issue common stock only when the mNAV (ratio of enterprise value to $BTC net assets) is less than 1x; and implement stock repurchases to increase $BTC holdings per share when the mNAV is less than 1x.
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On October 28, according to the Hong Kong Economic Journal, the Hong Kong Monetary Authority (HKMA) released the "Phase Two Report of the Digital Hong Kong Dollar Pilot Program," completing 11 groups of trials and announcing the main results. The test results show that the digital Hong Kong dollar and tokenized deposits can promote cost-effective, programmable, and robust transactions, bringing benefits to users. The HKMA believes that the current demand for the digital Hong Kong dollar is concentrated outside of retail scenarios, so it will prioritize the development of "wholesale-level" applications in the future to promote the use of the digital Hong Kong dollar for payments between financial institutions. Currently, some financial institutions are using the digital Hong Kong dollar in tokenized ecosystem development and cross-border payment scenarios, such as international trade settlement.
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