Metalpha Starts Executing a BTC Allocation Plan Up to 20% of Annual Net Profit

Rhea-AI Summary

Metalpha (NASDAQ: MATH) adopted a BTC allocation plan up to 20% of annual net profit, authorized at approximately US$3.2 million for the current period (20% of US$15.9 million net profit for fiscal year ended March 31, 2025). The company executed an initial purchase on February 9, 2026, investing ~US$1.0 million via a proprietary Accumulator at an average price of ~US$54,000 per Bitcoin.

This capital-allocation move increases direct BTC exposure and signals management conviction in Bitcoin as part of long-term shareholder-value strategy.

Positive

• Authorized BTC allocation up to 20% of annual net profit
• Current-period quota ~US$3.2M (20% of US$15.9M net profit)
• Initial BTC purchase of ~US$1.0M executed on Feb 9, 2026

Negative

• Introduces direct BTC exposure and crypto price volatility risk to balance sheet
• Allocation diverts up to 20% of annual net profit from other uses

Key Figures

BTC allocation cap: 20% of annual net profit Authorized BTC quota: US$3.2 million Annual net profit: US$15.9 million +2 more

5 metrics

BTC allocation cap 20% of annual net profit Board-approved BTC allocation plan

Authorized BTC quota US$3.2 million Current period allocation quota

Annual net profit US$15.9 million Fiscal year ended March 31, 2025 (Form 20-F)

Initial BTC investment US$1 million First tranche executed February 9, 2026

Average BTC price US$54,000 per Bitcoin Average price for initial BTC allocation via Accumulator

Market Reality Check

Price: $1.38 Vol: Volume 58,879 is roughly ...

normal vol

$1.38 Last Close

Volume Volume 58,879 is roughly in line with the 20-day average of 59,917 (relative volume 0.98). normal

Technical Shares at $1.38 are trading below the 200-day MA of $2.91 and are 66.91% under the 52-week high of $4.17.

Peers on Argus

MATH fell 11.54% while key peers showed mixed moves: DOMH +7.43%, NCTY +12.52%, ...

1 Up

MATH fell 11.54% while key peers showed mixed moves: DOMH +7.43%, NCTY +12.52%, FLD +2.29%, SIEB -3.24%, FRGE +0.04%. Crypto‑related peer BTCS appeared on the momentum scanner, up 5.78% without news, underscoring that MATH’s decline looks stock‑specific rather than a broad sector move.

Historical Context

4 past events · Latest: Nov 06 (Positive)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Nov 06	Strategic collaboration	Positive	+1.5%	MOU with Avenir Group to expand digital asset infrastructure collaboration.
Oct 30	Strategic investment	Positive	-2.0%	Private placement raising about US$12M from strategic investors.
Aug 28	Wealth mgmt partnership	Positive	-2.9%	Partnership with AMINA Bank to launch crypto equity fund for investors.
Aug 25	BNB treasury initiative	Positive	-3.4%	Announcement of plans for a US‑listed BNB treasury company tied to ecosystem.

Pattern Detected

Recent strategic and funding announcements have generally been positive in tone, but the stock has more often traded lower on such news, suggesting a pattern of selling into positive headlines.

Recent Company History

Over the past six months, Metalpha has focused on strategic partnerships and capital raising. On August 25, 2025, a BNB treasury initiative linked to Metalpha co-founders coincided with a -3.36% move. A crypto wealth management partnership with AMINA Bank on August 28, 2025 saw shares down 2.9%. A US$12M strategic investment announced on October 30, 2025 was followed by a -1.99% move. By contrast, a collaboration MOU with Avenir Group on November 6, 2025 saw a modest +1.49% gain. Today’s BTC allocation plan continues the theme of deepening digital-asset exposure.

Market Pulse Summary

This announcement outlines a formal BTC treasury strategy, allowing allocations up to 20% of annual ...

Analysis

This announcement outlines a formal BTC treasury strategy, allowing allocations up to 20% of annual net profit and authorizing roughly US$3.2M for the current period, with an initial US$1M purchase near US$54,000 per Bitcoin. It continues Metalpha’s push deeper into digital-asset exposure seen across recent partnerships and capital raises. Investors may watch future allocation levels, hedging practices, and subsequent filings for clarity on risk management and performance impact.

Key Terms

btc, bitcoin, form 20-f

3 terms

btc technical

"adopted a BTC allocation plan up to 20% of the Company's annual net profit."

BTC is the common ticker and shorthand for Bitcoin, a digital currency that exists on a decentralized computer network instead of being issued by a government or bank. Investors care about BTC because its market price signals demand for that asset, can swing sharply like a volatile commodity, and can influence portfolio risk, market sentiment, and companies with exposure to cryptocurrencies—similar to how oil prices affect energy markets.

bitcoin technical

"at an average price of approximately US$54,000 per Bitcoin."

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

form 20-f regulatory

"as reported in its Annual Report on Form 20-F for the fiscal year ended March 31, 2025."

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

AI-generated analysis. Not financial advice.

HONG KONG, Feb. 9, 2026 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) ("Metalpha" or the "Company"), a global leading provider of blockchain and trading technology solutions, today announced that its Board of Directors has adopted a BTC allocation plan up to 20% of the Company's annual net profit.

For the current period, the authorized allocation quota is approximately US$3.2 million, 20% of the Company's net profit of US$15.9 million as reported in its Annual Report on Form 20-F for the fiscal year ended March 31, 2025. The Company executed its initial purchase on February 9, 2026, with a total notional investment of approximately US$1 million. This initial tranche was traded via the Company's proprietary Accumulator structure at an average price of approximately US$54,000 per Bitcoin.

Mr. Adrian  Wang, CEO of Metalpha, commented: "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."

About Metalpha 

Metalpha Technology Holding Limited (NASDAQ: MATH) is a global leading provider of blockchain and trading technology solutions. With extensive blockchain and traditional fintech expertise, we are dedicated to delivering state-of-the-art technological solutions, including digital asset related management systems, hedging infrastructures, liquidity solutions and institutional grade architectures. We offer highly customized, one-stop solutions to help our customers grow their businesses and are committed to strengthening our position as one of the largest gateways to digital assets in Asia.

Forward-Looking Statements 

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause Metalpha's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/metalpha-starts-executing-a-btc-allocation-plan-up-to-20-of-annual-net-profit-302682472.html

SOURCE Metalpha Technology Holding Ltd.

FAQ

What BTC allocation did Metalpha (MATH) approve on February 9, 2026?

Metalpha approved a BTC allocation plan up to 20% of annual net profit. According to the company, the current authorized quota is approximately US$3.2 million based on US$15.9 million net profit for fiscal 2025.

How much did Metalpha (MATH) spend on its initial Bitcoin purchase and at what price?

Metalpha executed an initial purchase of approximately US$1.0 million on February 9, 2026. According to the company, the tranche used an Accumulator at an average price of about US$54,000 per Bitcoin.

Does Metalpha (MATH) intend to buy more Bitcoin beyond the initial US$1.0M tranche?

Yes, Metalpha authorized further BTC purchases up to the 20% annual net profit cap. According to the company, the full current-period quota is about US$3.2 million, leaving additional allocation capacity.

How does Metalpha justify allocating up to 20% of net profit to Bitcoin (MATH)?

Management cites belief in Bitcoin as foundational to the blockchain industry and potential long-term shareholder value. According to the company, the allocation reflects strategic conviction at current price levels.

What are the investor implications of Metalpha's (MATH) BTC allocation plan?

Investors gain increased exposure to Bitcoin price movements and potential upside, plus heightened volatility risk. According to the company, the move reallocates up to 20% of annual net profit toward BTC purchases.