Business
Metalpha Technology Holding Limited Announces US$5 Million Share Repurchase
HONG KONG, Feb. 28, 2023 /PRNewswire/ -- Metalpha Technology Holding Limited (NASDAQ: MATH) (the "Company" or "Metalpha"), a digital asset management service
About this update from Metalpha Technology Holding Limited
[{"type":"text","content":"HONG KONG, Feb. 28, 2023 /PRNewswire/ -- Metalpha Technology Holding Limited (NASDAQ: MATH) (the \"Company\" or \"Metalpha\"), a digital asset management service provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$5 million of its shares over the next 12 months, following the post-completion of its mainland China business divestiture .\n \"We are uniquely positioned in the industry as we set foot in between traditional finance and digital assets space. As a NASDAQ-listed company, the Company follows the stringent compliance standards as required by the U.S. regulators. Despite a challenging 2022 for the industry, our business has shown resilience and continued to grow. This share repurchase program is a strategic move to welcome more investors to follow our growth journey.\" said Adrian Wang, President of Metalpha.\n\"Entering 2023, the pace of global economic recovery remains challenging and unpredictable, we hope more investors hear about the new initiatives at Metalpha and our stock repurchase program, which is designed to build long-term value for our shareholders. It is also an efficient way to use capital to improve our stock value, which we believe is currently undervalued,\" said Chief Operating Officer of the Company, Ming Ni.\nMetalpha aims to provide customers with high-quality product design and trading capabilities in the industry and is committed to delivering the best structured derivative products to cryptocurrency market participants.\nAbout Metalpha Technology Holding Limited\nFounded in 2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went public on October 20, 2017. The listed Company is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.\nForward-Looking Statements\nCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and t...