Metaplanet Cuts Stock Rights Pool to Bolster Share Value
Metaplanet Inc., a Tokyo-listed Bitcoin treasury firm (TSE: 3350), made significant changes to its stock acquisition rights. On September 11, 2026, the company's board of directors announced that they would reduce the potential share pool under their 10th Series Stock Acquisition Rights by 41.1%. This means that the number of shares underlying each stock acquisition right will decrease from 696 to 410.
The reduction affects a total of 131,274,000 shares and lowers the remaining potential shares by 55.5%, from 236,640,000 to 105,366,000. Unvested rights now have new exercise restrictions, with three equal portions becoming exercisable on August 18, 2029, 2030, and 2031 respectively.
Metaplanet's CEO Simon Gerovich signed the notice on behalf of the company, which has drawn scrutiny for its floating option pool expanding alongside its share count while it pursued a strategy of raising equity to accumulate Bitcoin. The company holds 43,000 BTC and reported roughly 0.0286646 BTC per effective diluted share, up from 0.0263554 as of June 30.