Metaplanet’s Bitcoin boom quietly turned a 46 million-share executive pay plan into a 319 million-share windfall
Metaplanet’s Bitcoin expansion has exposed an executive compensation windfall that shareholders want the company to unwind. The dispute centers on an executive options pool that expanded as the Tokyo-listed company repeatedly issued equity to finance its Bitcoin purchases. Shareholders are now demanding the cancellation of roughly 273 million potential shares added to management’s compensation package […] The post Metaplanet’s Bitcoin boom quietly turned a 46 million-share executive pay plan into a 319 million-share windfall appeared first on CryptoSlate.
Key Takeaways
- Metaplanet’s Bitcoin expansion has exposed an executive compensation windfall that shareholders want the company to unwind.
- The dispute centers on an executive options pool that expanded as the Tokyo-listed company repeatedly issued equity to finance its Bitcoin purchases.
- Shareholders are now demanding the cancellation of roughly 273 million potential shares added to management’s compensation package […] The post Metaplanet’s Bitcoin boom quietly turned a 46 million-share executive pay plan into a 319 million-share windfall appeared first on CryptoSlate.
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