Bitcoin treasury firm Metaplanet comes under market scrutiny, with its stock price dropping roughly 17% over two days.
1 hours ago
According to Bitget market data, Metaplanet, Japan’s largest Bitcoin treasury firm, saw its stock close down 9.9% to 244 yen today, bringing its two-day total decline to around 17%. Recently, Metaplanet CEO Simon Gerovich published a statement addressing controversies over the company’s executive compensation plan and its relationship with shareholder MMXX Ventures, acknowledging that the firm failed to fully explain the 10th new share subscription rights incentive plan and MMXX’s organizational structure. Gerovich noted that he is an important but non-controlling shareholder of MMXX’s parent company and did not participate in the firm’s transaction decisions, though market skepticism has not been dispelled.
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