TechFlow, on October 28, according to Metaplanet's disclosure, the company's board of directors passed a resolution to establish a new capital allocation policy. As of October 28, the company holds 30,823 bitcoins, making it Asia's largest bitcoin asset management firm.
The new policy consists of three core principles: prioritizing perpetual preferred stock for financing to maximize bitcoin yield; selectively issuing common stock only when mNAV exceeds 1x in principle; and implementing share buybacks when mNAV falls below 1x to increase bitcoin holdings per share.
The company stated that the policy aims to ensure financial flexibility through diversified financing methods and achieve long-term maximization of corporate value.
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