Morning Edition · Saturday, September 12, 2026Published at 1:48 AM EDT · New York

Metaplanet Cancels $220 Million of Executive Warrants After Finding Later Bitcoin Purchases Added Less Value Per Share

The Tokyo-listed treasury company cut its Series 10 reward pool by 41% to 188.2 million shares, tying management pay to value created per share rather than to coins accumulated.

Metaplanet has reset its Series 10 stock acquisition rights, cutting the potential share pool by 41% to 188.2 million and extinguishing more than $220 million in warrant value. The company said the change follows its own conclusion that lat…