Metaplanet CEO Addresses Shareholder Concerns Over Massive Option Pool

Metaplanet (Metaplanet) CEO Simon Gerovich has responded to shareholder criticism regarding a new 319 million share option pool. Despite Gerovich's defense of the company's Bitcoin (Bitcoin) acquisition strategy and the necessity of new shares for expansion, investors remain concerned about the five-year lock-up period and the potential for significant dilution. Shareholders argue that management has failed to provide clear details on capital allocation and the protection of existing equity.