Metaplanet CEO Addresses 319 Million Share Option Dispute Tied to Bitcoin Treasury

TLDR Metaplanet capped its Series 10 executive option pool at 319,464,000 potential shares after removing an automatic adjustment mechanism. CEO Simon Gerovich exercised 92,000 rights, adding 64,032,000 shares to his holdings under a five-year lock-up. Gerovich said he holds a non-majority stake in MMXX Ventures’ parent company but does not direct its trades. A shareholder [...]

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