As of the end of February 2026, holding 35,102 BTC. Amid mNAV fluctuating around 1x, capital policy revised to maximize use of preferred shares, clarify common stock issuance criteria, and enhance flexibility of share buybacks.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3350","jir_company_name":"Metaplanet Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-16","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/3350-20260316-01.pdf","jir_short_summary":"As of the end of February 2026, holding 35,102 BTC. Amid mNAV fluctuating around 1x, capital policy revised to maximize use of preferred shares, clarify common stock issuance criteria, and enhance flexibility of share buybacks.","jir_summary":"### Background for Revising the Capital Allocation Policy\nSince April 2024, the company has positioned its Bitcoin treasury business as a core strategy, expanding Bitcoin holdings through issuance of common and preferred shares, and utilizing bonds, credit, and facilities. While holding 35,102 BTC at the end of February 2026 and achieving growth, the market environment caused Bitcoin prices to decline, keeping mNAV generally around 1x. Based on this, revisions were made to improve flexibility in capital policy to maximize corporate value over the medium to long term.\n\n### Outline of the Revisions\n1) Aim to maximize BTC yield through the use of perpetual preferred shares, considering early listing. 2) Common stock issuance will principally not be conducted when mNAV is below 1x and limited to cases judged beneficial to existing shareholders when above 1x. Rights offerings can be used as a fundraising method while maintaining shareholder fairness. 3) When mNAV is below 1x, share buybacks will be appropriately conducted, and when above 1x, share buybacks will be flexibly considered if market prices significantly undervalue corporate value. 4) Credit facilities will be utilized to diversify and increase financing flexibility while avoiding excessive leverage, with borrowing balances managed at less than approximately 10% of BTCNAV.","jir_financial_highlights":"Bitcoin Holdings: 35,102 BTC (Increased from 30,823 BTC as of October 28, 2025)\nmNAV (BTC Market Value Net Asset Multiple): Approximately around 1x (Unknown)\nBorrowing Balance Management Guideline: Less than approximately 10% of BTCNAV (Unknown)","jir_category":"","jir_hashtags":"#MetaplanetInc, #CapitalPolicy, #BitcoinTreasury","jir_key_figures":"Bitcoin Holdings: 35,102 BTC (As of the end of February 2026)\nmNAV: Generally fluctuating around 1x\nBorrowing Balance Management Guideline: Less than approximately 10% of BTCNAV","jir_meta_title":"Metaplanet Inc. Revises Capital Allocation Policy Holding 35,102 BTC to Promote Flexible Fundraising","jir_meta_description":"Metaplanet Inc. holds 35,102 BTC as of the end of February 2026. In an environment where mNAV hovers around 1x, the company revises capital policies including the use of preferred shares and flexibility in share buybacks to maximize medium- to long-term corporate value.","jir_og_title":"Metaplanet Inc. Announces Revision of Capital Allocation Policy","jir_og_description":"Bitcoin treasury company holding 35,102 BTC reviews capital policy to secure flexible fundraising methods.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7876,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-34987","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n