Metaplanet CEO Simon Gerovich took to X on September 6 to clarify his relationship with MMXX, stating he is neither a non-controlling shareholder of MMXX's parent company (Metaplanet) nor a director of MMXX. The statement also noted that the 10th tranche of new share subscription rights related to the MMXX investment were revoked on August 18 after terms adjustments. The move aims to address market concerns and enhance corporate transparency.
Techub News says Simon Gerovich, CEO of Metaplanet, a Japanese publicly listed company that holds Bitcoin as a strategic asset, posted a statement on X on September 6 for shareholders and investors.
He said it plainly: he is not a non-controlling shareholder of MMXX's parent company (meaning Metaplanet), and he does not serve as a director at MMXX.
He also said the terms for the 10th tranche of new share subscription rights tied to the MMXX investment were adjusted and revoked on August 18.
The clarification is meant to answer market concerns and improve corporate transparency. (CoinPost)
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