🚨BREAKING🚨
Metaplanet’s independent directors defended the controversial Series 10 warrant plan amid shareholder concerns over dilution and executive compensation.
💰 Directors said executives originally purchased the warrants with personal funds during Metaplanet’s financial crisis.
📉 The company previously cut the potential shares tied to the warrants by 41%, eliminating more than $220M in potential warrant value.
₿ The changes increased Bitcoin per fully diluted share by approximately 8.8%, according to Metaplanet.
🔒 Remaining warrants will face staged exercise restrictions through 2029–2031, while exercised shares remain locked until August 2031.
⚠️ The directors’ letter did not address CEO Simon Gerovich’s previously exercised 64M shares or investor concerns involving MMXX Ventures.
📈 Metaplanet shares closed 2% higher at ¥286 on Wednesday.
$BTC $ETH
#metaplanet
Metaplanet’s independent directors defended the controversial Series 10 warrant plan amid shareholder concerns over dilution and executive compensation.
💰 Directors said executives originally purchased the warrants with personal funds during Metaplanet’s financial crisis.
📉 The company previously cut the potential shares tied to the warrants by 41%, eliminating more than $220M in potential warrant value.
₿ The changes increased Bitcoin per fully diluted share by approximately 8.8%, according to Metaplanet.
🔒 Remaining warrants will face staged exercise restrictions through 2029–2031, while exercised shares remain locked until August 2031.
⚠️ The directors’ letter did not address CEO Simon Gerovich’s previously exercised 64M shares or investor concerns involving MMXX Ventures.
📈 Metaplanet shares closed 2% higher at ¥286 on Wednesday.
$BTC $ETH
#metaplanet
