# EDGAR Filing Document

**Accession Number:** 0001979907
**File Stem:** 0001213900-26-056968
**Filing Date:** 2026-5
**Character Count:** 12760
**Document Hash:** bfd19fa728380e6a64f99ad87724a625
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-056968.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001213900-26-056968

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Metalpha Technology Holding Ltd
- **CENTRAL INDEX KEY:** 0001682241
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 000000000
- **STATE OF INCORPORATION:** K3

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90113
- **FILM NUMBER:** 26981468

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 5506-07, CENTRAL PLAZA
- **STREET 2:** 18 HARBOUR ROAD
- **CITY:** WAN CHAI
- **PROVINCE COUNTRY:** K3
- **BUSINESS PHONE:** 852 35652920

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 5506-07, CENTRAL PLAZA
- **STREET 2:** 18 HARBOUR ROAD
- **CITY:** WAN CHAI
- **PROVINCE COUNTRY:** K3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dragon Victory International Ltd
- **DATE OF NAME CHANGE:** 20160812
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wang Bingzhong
- **CENTRAL INDEX KEY:** 0001979907

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 36A, TOWER 1, MAYA, 15TH SZE SHAN ST
- **STREET 2:** YAU TONG
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3

## Exhibit 99.1

**Exhibit 99.1**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Ordinary Shares, par value US$0.0001 per share, of Metalpha Technology Holding Ltd, and that this Agreement may be included as an exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of May 14, 2026.

---

| | |
|:---|:---|
| /s/ Bingzhong Wang | /s/ Bingzhong Wang |
| Name: | Bingzhong Wang |
| /s/ Xisha Hu | /s/ Xisha Hu |
| Name: | Xisha Hu |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Metalpha Technology Holding Ltd**

*(Name of Issuer)*

**Ordinary Shares, Par Value US$0.0001 Per Share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Bingzhong Wang**<br>Suite 5506-07, Central Plaza<br>18 Harbour Road, Wan Chai,<br>Hong Kong K3 000000<br>852 35652921

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/12/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Bingzhong Wang** | Name of reporting person<br>**Bingzhong Wang** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**HONG KONG** | Citizenship or place of organization<br>**HONG KONG** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**3530430.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**3049912.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**3530430.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**3049912.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6580342.00** | Aggregate amount beneficially owned by each reporting person<br>**6580342.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**13.6%** | Percent of class represented by amount in Row (11)<br>**13.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note to Rows (7) and (9): Represents (i) 2,330,430 Ordinary Shares held directly by Mr. Wang, and (ii) 1,200,000 Ordinary Shares issuable upon exercise of the PIPE Warrants held by Mr. Wang.

Note to Rows (8) and (10): Represents 3,049,912 Ordinary Shares held by MetaSphere Limited, an entity wholly owned by Ms. Xisha Hu, spouse of Mr. Wang. Mr. Wang disclaims beneficial ownership of any Ordinary Shares directly or indirectly owned by MetaSphere Limited or Ms. Xisha Hu.

Note to Row (13): Percentage of class is calculated based on a total of 48,313,236 Ordinary Shares, which consists of (i) 47,113,236 Ordinary Shares outstanding as of March 9, 2026, which is provided by the Issuer and (ii) 1,200,000 Ordinary Shares issuable to Mr. Wang upon the exercise of the PIPE Warrants.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Xisha Hu** | Name of reporting person<br>**Xisha Hu** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**HONG KONG** | Citizenship or place of organization<br>**HONG KONG** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**3049912.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**3049912.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3049912.00** | Aggregate amount beneficially owned by each reporting person<br>**3049912.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.5%** | Percent of class represented by amount in Row (11)<br>**6.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note to Rows (8), (10) and (11): Represents 3,049,912 Ordinary Shares held of record by MetaSphere Limited, a company incorporated in Samoa and wholly owned by Ms. Xisha Hu.

Note to Row (13): Percentage of class is calculated based on 47,113,236 Ordinary Shares outstanding as of March 9, 2026, which information was provided by the Issuer.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Ordinary Shares, Par Value US$0.0001 Per Share

**(b) Name of Issuer:**
Metalpha Technology Holding Ltd

**(c) Address of Issuer's Principal Executive Offices:**
Suite 5506-07, Central Plaza, 18 Harbour Road Wan Chai, Hong Kong, K3, 000000

Explanatory Note

This Amendment No. 3 (this "Amendment") amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission on June 7, 2023 (as amended by Amendment No. 1 filed on January 14, 2026, and Amendment No. 2 filed on March 17, 2026, the "Original Schedule 13D"), relating to the Ordinary Shares, par value US$0.0001 per share (the "Ordinary Shares"), of Metalpha Technology Holding Ltd (the "Issuer").

This Amendment is being filed jointly by Mr. Bingzhong Wang and Ms. Xisha Hu (collectively, the "Reporting Persons"). This Amendment updates the disclosure to reflect Mr. Wang's receipt of Ordinary Shares in an in-kind distribution from a fund.

**Item 4. Purpose of Transaction**

Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following at the end thereof:

Ms. Hu acquired the Ordinary Shares through MetaSphere Limited for investment purposes. The Reporting Persons may make further acquisitions of Ordinary Shares from time to time and, subject to certain restrictions, may dispose of any or all of the Ordinary Shares held by them at any time, depending on an ongoing evaluation of the investment in such securities, prevailing market conditions, other investment opportunities, and other factors.

Except as set forth herein, neither of the Reporting Persons has any present plans or proposals which relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

(a) Mr. Wang beneficially owns an aggregate of 6,580,342 Ordinary Shares (which includes 1,200,000 Ordinary Shares issuable upon exercise of the PIPE Warrants), representing approximately 13.6% of the outstanding Ordinary Shares. This percentage is based on 47,113,236 Ordinary Shares outstanding as of March 9, 2026, which information was provided by the Issuer, plus the 1,200,000 Ordinary Shares underlying Mr. Wang's PIPE Warrants.

Ms. Hu beneficially owns an aggregate of 3,049,912 Ordinary Shares held of record by MetaSphere Limited, representing approximately 6.5% of the outstanding Ordinary Shares. This percentage is based solely on 47,113,236 Ordinary Shares outstanding as of March 9, 2026.

**(b)**
(b) For Mr. Wang:
(i) Sole power to vote or direct the vote: 3,530,430
(ii) Shared power to vote or direct the vote: 3,049,912
(iii) Sole power to dispose or direct the disposition: 3,530,430
(iv) Shared power to dispose or direct the disposition: 3,049,912

For Ms. Hu:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 3,049,912
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 3,049,912

**(c)**
(c) Except as disclosed in Item 3 of this Amendment regarding the in-kind distribution of 434,520 Ordinary Shares to Mr. Wang on May 12, 2026, the Reporting Persons have not effected any transactions in the Ordinary Shares during the past sixty days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Original Schedule 13D is hereby amended and supplemented by adding the following at the end thereof:

The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is attached as Exhibit 99.1 to this Amendment, pursuant to which they have agreed to file this Schedule 13D jointly in accordance with the provisions of Rule 13d-1(k) of the Act.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Bingzhong Wang

**Signature:** /s/ Bingzhong Wang

**Name/Title:** Bingzhong Wang

**Date:** 05/14/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Xisha Hu

**Signature:** /s/ Xisha Hu

**Name/Title:** Xisha Hu

**Date:** 05/14/2026