Metaplanet Faces Shareholder Backlash Over CEO's Massive Compensation

Metaplanet (Metaplanet) is facing pressure from shareholders to cancel 273 million potential shares granted to executives. The controversy stems from a stock subscription mechanism that expanded the executive option pool as the company issued new shares to fund its Bitcoin treasury strategy. CEO Simon Gerovich recently exercised options to acquire 64 million shares, sparking concerns over equity dilution.