Metalpha Shares Climb After Board Approves Bitcoin Allocation Equivalent to 20% of Annual Profit
Metalpha Technology Holding Ltd (NASDAQ: MATH) saw its stock rise 5.8% in premarket trading after the company announced a plan to allocate up to 20% of its annual net profit to Bitcoin. The board approved an allocation quota of approximately $3.2 million, representing 20% of the company's $15.9 million net profit for the fiscal year ended March 31,…