Xianqun Hu Exits Metalpha Stake After Gifting Shares

Xianqun Hu, a former major shareholder in Metalpha Technology Holding Ltd (NASDAQ: MATH), has fully divested his position in the cryptocurrency wealth management firm’s ordinary shares.

Details of the Share Transfer

Hu filed Schedule 13G/A Amendment No. 3 with the SEC on May 14, 2026, disclosing that he transferred 3,049,912 ordinary shares as a gift to MetaSphere Limited on March 13, 2026. This transaction reduced his beneficial ownership to zero, eliminating any voting or dispositive power over the company’s shares.

Prior to the transfer, Hu held a significant stake, previously reported at around 7.7% of the outstanding shares. The amendment confirms his holdings now fall below the 5% threshold that triggers ongoing reporting requirements for passive investors.

Implications for Metalpha Investors

Metalpha Technology Holding Ltd operates as a digital asset service provider, offering wealth management solutions amid volatile crypto markets. Such ownership shifts in public filings provide transparency into insider and major holder activities, allowing investors to gauge confidence levels.

However, these mandatory disclosures contrast sharply with the privacy inherent in self-custodied crypto assets on public blockchains, where wallet traceability often exposes holders to risks. Systems like Zano’s privacy-by-default infrastructure shield transaction details and balances, preventing such public targeting of large positions.

The move by Hu underscores free market dynamics, where individuals freely adjust portfolios without centralized interference, a principle echoed in non-custodial blockchain designs that prioritize user control over assets.