# 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.

- Published: 2026-09-12T05:48:50.167Z
- Canonical: https://polylog.news/crypto/2026-09-12/metaplanet-cancels-220-million-of-executive-warrants-after-f
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/09/11/metaplanet-cuts-executive-reward-pool-by-41-extinguishes-usd220-million-in-value), [CryptoSlate](https://cryptoslate.com/metaplanet-ceo-surrenders-220-million-in-stock-rights-to-rebuild-trust-with-investors/)

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…

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