Power of Attorney for SEC Filings

This filing is an exhibit, specifically Exhibit 24.1, which is a Power of Attorney document. It designates Bingzhong Wang, Pengyuan Fan, and Xiaosi Zhang as attorneys-in-fact for Kiyohiro Kawayanagi. These attorneys are authorized to prepare, execute, and submit SEC Forms 3, 4, and 5 on behalf of Kawayanagi, who is an officer and director of Metalpha Technology Holding Ltd. The document outlines the scope of their authority, including making necessary filings with the SEC and stock exchanges. It also specifies that the power of attorney remains in effect until Kawayanagi is no longer required to file these forms, or until revoked. The filing is dated March 5, 2026, with the signature of Kiyohiro Yang Kawayanagi acting through his attorney-in-fact, Xiaosi Zhang.