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      Metaplanet Shares Decline Following CEO's Response to Shareholder Concerns

      Metaplanet, a Tokyo-listed company focused on Bitcoin treasury strategies, experienced a 7.5% drop in its share price, closing at 271 yen on September 7. This decline occurred the day after CEO Simon Gerovich addressed shareholder concerns regarding governance issues and an expanding executive stock option pool, which has raised significant investor apprehension.

      The controversy centers around Metaplanet's Series 10 executive option pool, which increased from approximately 46 million shares to 319.46 million shares due to a floating allocation formula tied to the company's fully diluted share count. In response to shareholder criticism, the company capped the pool at its expanded size and instituted a five-year lock-up period, preventing access to these options until August 17, 2031. Despite these measures, Gerovich's reassurances did not satisfy investors, leading to the stock's decline.

      Gerovich also clarified his association with MMXX Ventures Limited, a firm that holds about 3.26% of Metaplanet's shares. He emphasized that he does not have an operational role at MMXX Ventures. The governance issues at Metaplanet reflect broader challenges faced by publicly traded companies that have adopted Bitcoin-centric strategies, where repeated equity issuances to fund Bitcoin purchases can dilute existing shareholders, compounding investor concerns.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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