Metalpha Technology Holding Ltd (MATH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: June 29, 2026

Risk Assessment Details

Potential Dilution: 23.49% of current shares
Recent Dilution: 6.04% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
39M
Potential Supply
9.3M
Additional shares possible
Splits
None
Past 2 years

Summary

MATH currently has 39.5M outstanding shares. with moderate dilution risk from 9.28M authorized shares representing 23.5% potential dilution. The company has minimally diluted shareholders by 6.04% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jun 29, 2026

F-3 filing: Metalpha Technology Holding Limited is registering the resale of 15,453,364 ordinary shares by selling securityholders, including shares previously issued and shares issuable upon the exercise of warrants.

39M 9.3M
Jul 30, 2025

20-F filing | 39.5M shares outstanding

39M 0
Oct 30, 2024

20-F filing | 37.2M shares outstanding

37M 0
Feb 12, 2024

20-F filing | 31.0M shares outstanding

31M 2.3M
Aug 16, 2022

20-F filing | 23.6M shares outstanding

24M 9.7M
Dec 27, 2021

F-3 filing: This F-3 filing relates to the resale of 21,900,000 ordinary shares by selling shareholders of Dragon Victory International Limited.

13M 20M
Aug 02, 2021

20-F filing | 13.3M shares outstanding

13M 0
Feb 03, 2021

F-3 filing: The filing is an F-3 form, indicating a potential offering of securities that may be sold at varying prices and through different methods, including direct sales to existing shareholders or through underwriters.

11M 0
Dec 11, 2020

F-3 filing: This is an F-3 filing for a shelf offering, allowing the company to sell securities at various prices and methods, including through agents, underwriters, or directly to existing shareholders.

11M 0
Aug 17, 2020

20-F filing | 11.4M shares outstanding

11M 0
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