TechFlow reports that on February 9, according to PR Newswire, digital asset asset management firm Metalpha Technology Holding Ltd. has initiated a Bitcoin allocation plan, under which up to 20% of the company’s annual net profit will be allocated to purchasing Bitcoin. This plan forms part of Metalpha’s long-term digital asset strategy, aiming to optimize the company’s balance sheet by converting a portion of its profits into Bitcoin assets. Metalpha stated that this move reflects the company’s long-term confidence in Bitcoin as a store of value and an inflation hedge.
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