MetaPlanet

Metaplanet

2026-09-08 21:24:56

Metaplanet freezes 319.5 million-share insider equity pool after acknowledging dilution

Metaplanet, a publicly listed company in Japan, said in an Aug. 18 filing that its internal equity pool mechanism had increased dilution for existing shareholders. The board then froze the pool at 319.5 million shares rather than canceling it. The filing said the pool accounted for roughly 25% of the company’s total shares outstanding. It was originally established in 2023 at 20% of issuable shares, but expanded as Metaplanet repeatedly issued new stock from 2024 onward to buy Bitcoin. Over that period, the company’s total share count rose from 153.9 million to 1.35 billion. Under the freeze, holders cannot sell the shares until Aug. 17, 2031. Ten days after the disclosure, CEO Simon Gerovich exercised one-third of the vested rights and acquired about 64.03 million shares for 6.4 billion yen. On Tuesday, Metaplanet shares fell 9.96% to close at 244 yen. Some shareholders argued that the company’s roughly $2 billion market capitalization sits below the roughly $3.4 billion value of its Bitcoin holdings, while insiders still retain claims tied to about one-quarter of the company’s equity.

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Metaplanet

2026-09-08 13:06:08

Metaplanet drops about 17% in two days as shareholders call for 273 million shares to be canceled

Metaplanet shares fell for a second straight trading day, dropping 7.51% on Sept. 7 and another 9.96% on Sept. 8 to close at 244 yen, taking the two-day decline to about 17%. The selloff has centered on the Japanese bitcoin treasury company’s Series 10 stock acquisition rights, a structure that had tied the number of underlying shares to 20% of the company’s fully diluted share count. As Metaplanet expanded its capital base, the potential share count linked to those rights grew from roughly 46 million to about 319 million shares. The company said on Aug. 18 that it scrapped the adjustment clause, fixed the ceiling at 319,464,000 shares, and signed five-year lockup agreements with current holders. But shareholders remain dissatisfied, arguing that capping future expansion does not address dilution that has already occurred. They are asking the company to cancel about 273 million shares and are also seeking more detail about the ownership structure of MMXX Ventures and whether Simon Gerovich or related parties obtained any economic benefit when MMXX sold Metaplanet shares during the 2024 rally period.

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Bitcoin

2026-09-08 13:47:42

SoSoValue says public companies bought a net $267 million in Bitcoin last week, down 48%

Data from SoSoValue shows that, as of 8 a.m. Eastern Time on Sept. 8, 2026, publicly listed companies worldwide excluding miners posted net Bitcoin purchases of $267 million for the week, a 48% decline from the previous week. Strategy, formerly MicroStrategy, did not buy Bitcoin during the period, while Japan-listed Metaplanet also made no purchase and has now gone eight straight weeks without adding to its holdings. Eight other companies disclosed Bitcoin purchases or treasury updates. Remixpoint reported holdings of 1,506.23390097 BTC as of Sept. 4, with cumulative spending of $111.84 million and an increase of 2.48356398 BTC that was not attributed to purchases. Boyaa Interactive said it spent $14.3 million between June 24 and Sept. 4 to acquire 205 BTC at an average price of $69,756.097561, bringing total holdings to 4,316 BTC. Strive disclosed the largest weekly buy among the named companies, spending about $109 million to purchase 1,375 BTC at $79,281 each. On the financing side, Capital B said it raised €7.6 million, about $8.83 million, from investors and institutions including Adam Back to buy Bitcoin. BHODL said it completed its ATM 2 program and opened ATM 3. At press time, the tracked public companies held a combined 1,119,973 BTC worth about $87.77 billion, equal to 5.6% of Bitcoin’s circulating market capitalization.

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Capital B

2026-09-07 16:42:49

Capital B buys 376 BTC for €25.3 million, lifting holdings to 3,521 Bitcoin

French Bitcoin treasury company Capital B said it bought 376 BTC for €25.3 million, or about $29.5 million, raising its total Bitcoin holdings to 3,521 BTC. The company said the purchase was funded after it completed about €30.1 million in capital raises, including a private placement backed by Adam Back and TOBAM. Capital B bought the Bitcoin at an average price of €67,182 per coin, with Swissquote Bank Europe executing the transaction and Taurus providing custody. The latest purchase was the company’s largest since September 2025, when it acquired 551 BTC for €54.7 million. Capital B said it has now spent a total of €309.4 million building its Bitcoin treasury, with an average acquisition cost of €87,878 per BTC. Data from BitcoinTreasuries.net places the company 25th among publicly traded firms by Bitcoin holdings. The move also pushed Capital B ahead of Sweden-based H100 Group. Capital B now holds 15 more BTC than H100, although both still trail Germany’s Bitcoin Group SE. The report also highlighted continued accumulation by firms such as Metaplanet and Strategy, even as some companies, including K Wave Media and Sequans Communications, have moved to unwind their Bitcoin treasuries.

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Metaplanet

2026-09-08 09:24:13

Metaplanet Shares Tumble 10% as CEO Fails to Quell Controversy

Metaplanet shares fell 9.9% to 244 yen on Monday, extending a two-day decline of about 17%. CEO Simon Gerovich responded to a controversy over the company's executive compensation plan and its relationship with shareholder MMXX Ventures, stating he is a significant but non-controlling shareholder in MMXX's parent company and does not participate in its trading decisions. However, the market remains skeptical.

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Metaplanet

2026-09-08 05:27:29

Metaplanet options dispute deepens as CEO admits communication fell short and shares extend losses

Metaplanet, the Japan-listed bitcoin treasury company traded on the Tokyo Stock Exchange under code 3350, is facing mounting scrutiny over its management incentive structure and the dilution tied to its 10th series of stock acquisition rights. The company’s shares fell 7.51% on Monday to 271 yen, then slid again on Tuesday, Sept. 8, touching about 256 yen in Asian midday trading, down roughly 5.5% from the prior close and about 21% below the Sept. 1 close of 326 yen. At the center of the dispute is a paid stock option program granted mainly to directors, executive officers, and employees at an exercise price of 10 yen per share. Investors focused on a feature in the original design that increased the number of shares obtainable under the options when the company expanded its equity base, creating what critics saw as an anti-dilution effect for some holders while ordinary shareholders were diluted. CEO Simon Gerovich said on Sept. 6 that the company’s explanations of its governance structure, management decisions, and how those arrangements linked to long-term shareholder value had not been sufficient. Metaplanet amended the terms on Aug. 18 to fix the number of shares tied to the remaining options at about 319 million shares and added lock-up arrangements, but shareholder concerns have persisted after the company disclosed on Aug. 31 that part of the options had already been exercised.

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Metaplanet

2026-09-07 23:40:18

Metaplanet CEO says disclosure fell short, denies involvement in MMXX trading decisions

Metaplanet CEO Simon Gerovich has responded to criticism over the company’s executive compensation plan and his ties to shareholder MMXX Ventures, saying the company did not do enough to explain its 10th stock acquisition rights incentive plan or MMXX’s corporate structure. Gerovich said he is a major, but non-controlling, shareholder in MMXX’s parent company and does not take part in that firm’s trading decisions. The dispute has drawn attention to a plan created in December 2022 that set aside a pool equal to 20% of Metaplanet’s fully diluted share capital. After the company adopted a bitcoin treasury strategy in April 2024, each equity issuance used to buy BTC diluted existing shareholders while also increasing the stock acquisition rights available to Gerovich. Metaplanet fixed the incentive pool at 319.464 million shares in August and added a five-year lock-up, though the size was not reset to the level in place when the bitcoin strategy began. Some shareholders are still asking the company to disclose MMXX’s owners and cancel an added 273 million-share allocation.

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Metaplanet

2026-09-07 23:08:11

Metaplanet CEO Responds to Equity Plan Controversy, Admits Poor Communication, Now Holds 6.2%

Metaplanet CEO Simon Gerovich publicly addressed the controversy surrounding the company's Series 10 stock acquisition rights plan, admitting insufficient explanation. He stated he is a significant but non-controlling shareholder of MMXX's parent company and had no role in its trading decisions. The plan was established in December 2022 with a pool initially set at 20% of fully diluted shares. Since Metaplanet pivoted to a Bitcoin treasury strategy in April 2024, each new share issuance diluted existing shareholders while increasing Gerovich's options. On August 18, the board fixed the Series 10 pool at 319 million shares with a five-year lockup, but did not restore the pool to pre-Bitcoin strategy levels. On August 28, Gerovich exercised 92,000 Series 10 rights, receiving 64 million new shares, bringing his personal stake to about 6.2%; combined with MMXX, they hold over 27% of fully diluted shares. Shareholders demand full disclosure and restoration of the original pool.

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