MetaPlanet revises its Bitcoin capital allocation policy, retaining the option to increase BTC holdings during bear markets.

According to Mars Finance, Japanese Bitcoin treasury company MetaPlanet has announced revisions to its Capital Allocation Policy, aiming to maintain its long-term Bitcoin holding strategy while increasing flexibility in fundraising and buybacks. The company currently holds approximately 35,100 BTC and will continue to raise funds through diverse methods, including perpetual preferred stock, common stock issuance, corporate bonds, and BTC-collateralized credit lines. The new policy explicitly states that it will prioritize stock buybacks to increase its BTC holdings per share when mNAV falls below 1, while retaining the possibility of implementing rights offerings to increase BTC holdings during bear markets when it determines that the medium- to long-term shareholders will benefit, and will keep leverage below approximately 10% of BTCNAV.