Metaplanet, which holds Bitcoin, published a message to shareholders from its independent outside directors on the 29th. The company also released a fact sheet explaining the background and terms of the 10th series of new stock acquisition rights allocated to management, including a roughly 41% reduction in the shares covered and a lock-up through 2031. VanEck removed an analysis of executive compensation after it failed to meet the relevant criteria. CEO Simon Gerovich introduced the directors' letter on X on the 30th and said Metaplanet had been built under founder leadership, a point he linked to recent discussions.