Metalpha Technology Holding Ltd (NASDAQ: MATH) experienced a 5.8% increase in premarket trading Monday after the company unveiled a plan to allocate a portion of its annual net profit to Bitcoin.
The company's Board of Directors approved an allocation quota of approximately $3.2 million, which represents 20% of Metalpha's net profit of $15.9 million for the fiscal year that ended March 31, 2025. The announcement also confirmed that Metalpha has already carried out an initial purchase.
On February 9, 2026, Metalpha executed an initial Bitcoin acquisition of approximately $1 million at an average price of around $54,000 per Bitcoin. The company said the transaction was completed using its proprietary Accumulator structure.
"We believe in BTC, which is the foundation of the entire blockchain industry. At current price level, the initial allocation plan is very attractive and may drive long-term shareholder value," said Adrian Wang, CEO of Metalpha.
Metalpha provides blockchain and trading technology solutions on a global basis and is publicly listed on the Nasdaq under the ticker MATH.
Context and mechanics
The allocation quota approved by the board equates to roughly $3.2 million, reflecting the company calculation that this amount is 20% of reported net profit of $15.9 million for the fiscal year ended March 31, 2025. The initial purchase of approximately $1 million represents a portion of the approved quota and was transacted at an average Bitcoin price close to $54,000 per coin. The company characterized the purchase as having been executed through its Accumulator structure.
What the company says
Metalpha's chief executive framed the decision as a vote of confidence in Bitcoin's role within the blockchain ecosystem and suggested the allocation could be accretive to shareholder value at prevailing prices.
Impacted sectors
- Blockchain and cryptocurrency markets
- Technology providers focused on trading and blockchain infrastructure
- Public equity markets where Metalpha is listed