Metaplanet amended its 10th Series Stock Acquisition Rights on August 18, 2026, eliminating a provision that linked potential shares to changes in the company’s fully diluted share count and fixing the remaining pool at 319,464,000 shares. The exercise price remained ¥10 per share, while shares issued on exercise are subject to a lock-up through August 17, 2031, with limited exceptions. CEO Simon Gerovich said on September 6 that Metaplanet had not adequately explained how its structure and decisions create long-term shareholder value and would communicate more clearly as governance and compensation reviews continue. Gerovich also said he is a significant but non-majority shareholder of MMXX Ventures’ parent, but is neither a director nor an officer of MMXX and has no role in its investment or trading decisions. He exercised 92,000 rights on August 28, receiving 64,032,000 shares. Metaplanet held 43,000 BTC as of June 30, 2026, after beginning its Bitcoin treasury strategy in April 2024.