Metaplanet Equity Backlash Hits Japan as SE Asia Crypto Funding Doubles

Metaplanet Equity Backlash Hits Japan

Metaplanet's executive stock pool has drawn shareholder backlash over concerns of stock dilution. The Japanese Bitcoin treasury company's 10th Series executive option pool, which was designed to be 20% of fully diluted shares, automatically expands as the company issues new shares to fund its BTC accumulation.

Some shareholders are asking Metaplanet to cancel the additional 273 million shares created from the changes and provide more transparency on future decisions. Bitcoin Magazine CEO David Bailey defended Metaplanet, saying that giving the team 20% of the cap table over five years 'isn't some crazy number.'

Meanwhile, Citi is planning to offer Japanese companies near-instant international payments through blockchain-based infrastructure, including outside standard banking hours.