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

According to PR Newswire, Metalpha Technology Holding Limited, a Nasdaq-listed provider of blockchain and trading technology solutions, announced that its board has approved a Bitcoin purchase plan, with allocated 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 $1 million BTC purchase.