Metalpha (NASDAQ: MATH) sets BTC plan up to 20% of annual net profit

Rhea-AI Filing Summary

Metalpha Technology Holding Limited reported that its board has adopted a Bitcoin (BTC) allocation plan of up to 20% of the Company’s annual net profit. For the current period, this authorizes an allocation quota of approximately US$3.2 million, equal to 20% of net profit of US$15.9 million for the fiscal year ended March 31, 2025.

The Company executed an initial BTC purchase on February 9, 2026 with a total notional investment of approximately US$1 million, using its proprietary Accumulator structure at an average price of about US$54,000 per Bitcoin. Management states that they view BTC as foundational to the blockchain industry and believe this allocation approach may support long-term shareholder value.

Insights

Equity and digital-assets analyst

Metalpha adopts a recurring Bitcoin allocation tied to profits, adding deliberate crypto exposure to its treasury strategy.

Metalpha plans to allocate up to 20% of annual net profit into Bitcoin, with a current period quota of about US$3.2 million based on US$15.9 million net profit for the year ended March 31, 2025. This formalizes BTC as a recurring treasury asset rather than a one-off trade.

The company has already executed an initial BTC purchase of roughly US$1 million at an average price of about US$54,000 per Bitcoin via its proprietary Accumulator structure on February 9, 2026. This introduces direct balance sheet exposure to BTC price volatility alongside its existing blockchain-related operations.

Future impact will depend on Metalpha’s realized net profits, BTC price movements relative to entry levels like the US$54,000 tranche, and any adjustments the board makes to the “up to 20%” allocation framework disclosed for periods after the year ended March 31, 2025.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission File Number: 001-38208

Metalpha Technology Holding Limited

Suite 5506-07, Central Plaza

18 Harbour Road, Wan Chai,

Hong Kong, China

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

EXHIBITS

Exhibit No.		Description
99.1		Press Release, dated February 9, 2026

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Metalpha Technology Holding Limited
	By:	/s/ Bingzhong Wang
	Name:	Bingzhong Wang
	Title:	Chief Executive Officer and Chairman of the Board of Directors

Date: February 9, 2026

2

Exhibit 99.1

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

HONG KONG, February 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.

FAQ

What BTC allocation plan did Metalpha (MATH) announce in its latest 6-K?

Metalpha’s board approved a BTC allocation plan of up to 20% of the Company’s annual net profit. For the current period, this translates into an authorized allocation quota of approximately US$3.2 million, based on net profit of US$15.9 million for the year ended March 31, 2025.

How much Bitcoin has Metalpha (MATH) initially purchased under the new plan?

Metalpha executed an initial BTC purchase with a total notional investment of approximately US$1 million. This first tranche was traded on February 9, 2026 via the Company’s proprietary Accumulator structure at an average price of about US$54,000 per Bitcoin.

How did Metalpha (MATH) determine the US$3.2 million BTC allocation quota?

The current allocation quota of about US$3.2 million equals 20% of Metalpha’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, aligning BTC investments directly with profitability.

Why does Metalpha (MATH) believe the BTC allocation plan may support shareholder value?

CEO Adrian Wang stated that Metalpha believes in BTC as the foundation of the blockchain industry. At current price levels, management views the initial allocation plan as attractive and indicated it may drive long-term shareholder value, reflecting confidence in Bitcoin’s strategic role.

What trading structure is Metalpha (MATH) using for its Bitcoin purchases?

Metalpha is executing its BTC purchases through its proprietary Accumulator structure. The initial tranche on February 9, 2026, used this structure and achieved an average purchase price of approximately US$54,000 per Bitcoin, highlighting the firm’s use of in-house trading technology solutions.

What business does Metalpha (MATH) operate alongside its new BTC allocation strategy?

Metalpha is described as a global leading provider of blockchain and trading technology solutions. It offers digital asset management systems, hedging infrastructures, liquidity solutions and institutional-grade architectures, aiming to be a major gateway to digital assets in Asia.