Metaplanet Cuts Executive Reward Pool By 41.1% After Shareholder Pressure

Metaplanet cancelled 131 million shares tied to its executive reward pool on Friday, cutting the disputed insider stake by 41.1% after weeks of shareholder pressure. The Tokyo-listed Bitcoin treasury company also scrapped a planned executive incentive vehicle and pushed surviving warrants years further out before they can be exercised, according to BeInCrypto, with unvested awards now unlocking in equal thirds across 2029, 2030 and 2031. The board reduced each warrant’s conversion ratio to 410 shares from 696 and said the move lifts Bitcoin per fully diluted share by about 8.8%.