Japan
CoinPost
Metaplanet Revises Capital Allocation Policy Again: Bitcoin Target at 85-90%, Strategic Investment at 10-15%
- Metaplanet's bitcoin holdings reached 44,000 BTC as of September 30, a net quarterly increase of 1,000 BTC, ranking second globally behind Strategy's 848,000 BTC.
- The company sold 10,000 BTC (124.7 billion yen) and bought 11,000 BTC (149.896 billion yen) in Q3, with the sale meant to prove its ability to cash out bitcoin ahead of pursuing a credit rating, without using proceeds to repay existing debt.
- The revised capital allocation policy sets bitcoin at 85-90% of total assets and allocates 10-15% to a new strategic investment bucket, alongside a new 'net interest income strategy' using non-dilutive funding to invest in overseas bitcoin-related securities.