Metaplanet cancels 131.3M executive shares, eliminating over $220M in warrant value

Sep 12, 2026 07:58 (41d ago)

Metaplanet is canceling 131.3M potential executive shares.
The cancellation removes over $220M in warrant value and raises Bitcoin per share 8.8%.
Later capital raises produced smaller per-share gains without adding BTC.

Metaplanet is canceling 131.3 million potential executive shares, removing more than $220 million in associated warrant value. The company says the reduction increases Bitcoin per fully diluted share by 8.8% without acquiring additional BTC. That per-share improvement exceeded the smaller gains generated by subsequent capital raises, which added capital but diluted the share base.