Metaplanet Cuts Executive Stock Pool by 41%, Scraps Warrant Plan, Plans Hong Kong Subsidiary
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· body · New information from a source
Metaplanet reduced its Series 10 stock pool by eliminating 131.3 million potential shares, erasing $220 million in value.The company simultaneously established a $1 million Hong Kong subsidiary authorized to trade Bitcoin, equities and credit products.- Metaplanet is cutting its Series 10 executive stock pool by 41%, according to Cointelegraph, removing 131.3 million potential shares from the plan.
- The company will also form a $1 million Hong Kong subsidiary to trade Bitcoin, equities and credit products, Cointelegraph reported.
- CoinDesk reported that the reduction extinguishes $220 million in value tied to the reward pool.
- The Block reported that Metaplanet is reversing course on its executive options structure and has scrapped a separate employee warrant plan entirely.
- The changes come as Metaplanet shares fell about 17% over two trading sessions this week, according to The Block, which described the period as a bruising stretch for the stock.
- The moves mark a shift in how Metaplanet compensates executives even as it pushes into new business lines through the planned Hong Kong subsidiary, which will handle trading across Bitcoin, equities and credit products, per Cointelegraph.
· summary · New information from a source
Metaplanet eliminated 131.3 million shares from its Series 10 executive reward pool and launched a Hong Kong subsidiary for Bitcoin and financial trading.- Metaplanet reversed course on executive compensation, cutting its Series 10 stock pool by 41% and scrapping an employee warrant plan while unveiling a new Hong Kong trading subsidiary.
· headline · New information from a source
Metaplanet cuts executive stock pool by 41%, extinguishes $220 million in value- Metaplanet Cuts Executive Stock Pool by 41%, Scraps Warrant Plan, Plans Hong Kong Subsidiary
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Metaplanet is cutting its Series 10 executive stock pool by Metaplanet cuts Series 10 stock pool by 41%, plans Hong Kong subsidiary.
, according to Cointelegraph, removing Metaplanet will cut 131.3 million potential shares and form a $1 million Hong Kong subsidiary for trading in Bitcoin, equities and credit products.
potential shares from the plan. The company will also form a Metaplanet will cut 131.3 million potential shares and form a $1 million Hong Kong subsidiary for trading in Bitcoin, equities and credit products.
Hong Kong subsidiary to trade Bitcoin, equities and credit products, Cointelegraph reported.
CoinDesk reported that the reduction extinguishes Metaplanet cuts executive reward pool by 41%, extinguishes $220 million in value.
in value tied to the reward pool. The Block reported that Metaplanet is reversing course on its executive options structure and has scrapped a separate employee warrant plan entirely.
The changes come as Metaplanet shares fell about The changes come amid a bruising stretch for Metaplanet shares, as stock fell about 17% over two trading sessions this week.
over two trading sessions this week, according to The Block, which described the period as a bruising stretch for the stock.
The moves mark a shift in how Metaplanet compensates executives even as it pushes into new business lines through the planned Hong Kong subsidiary, which will handle trading across Bitcoin, equities and credit products, per Cointelegraph.
Sources: Cointelegraph, CoinDesk, The Block
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestMetaplanet cuts executive stock pool by 41%, extinguishes $220 million in valuefirst reported · 2 sourcescointelegraph.com · coindesk.com
- storyMetaplanet Cuts Executive Stock Pool by 41%, Scraps Warrant Plan, Plans Hong Kong Subsidiaryupdate · 3 sourcescointelegraph.com · coindesk.com · theblock.co
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