Metaplanet: Will consider stock buybacks when mNAV falls below 1x

Jinse Finance reported that, according to Metaplanet's official announcement, Metaplanet has released a new capital allocation policy. The company holds 30,823 BTC, making it the fourth largest BTC treasury in the world and the largest in Asia. The policy is based on three main principles: promoting the early listing of perpetual preferred shares; not issuing common shares when mNAV is below 1x, and selectively issuing when mNAV exceeds 1x and is reasonable; repurchasing shares when mNAV is below 1x or when the value is undervalued. At the same time, a stock repurchase authorization has been established, aiming to maximize corporate value, BTC yield, and mNAV. The listing of preferred shares requires review by the Tokyo Stock Exchange, and progress will be disclosed in a timely manner.