Metalpha launches Bitcoin allocation plan, with up to 20% of annual net profit used to purchase BTC

Metalpha Technology Holding Limited, a blockchain and trading technology solutions provider listed on NASDAQ, announced that its board has approved a Bitcoin purchase plan, allocating purchase funds of up to 20% of the company's annual net profit. It is reported that the first phase has allocated $3.2 million and completed a purchase of $1 million in BTC.