@busman
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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