Metaplanet Reduces Series 10 Warrant Pool by 41%

Metaplanet is cutting the potential shares tied to its Series 10 stock acquisition rights by 41%, reducing the pool from approximately 319.5 million to 188.2 million shares. This move, which CEO Simon Gerovich stated erases over $220 million in warrant value, aims to address shareholder concerns regarding executive compensation. The remaining warrants are exercisable in thirds between 2029 and 2031, with shares locked until August 2031. The adjustment effectively increases the bitcoin-per-share ratio for existing shareholders.