Exchanges· ★★★· neutral·

Metaplanet Corrects Filings: CEO Does Not Hold Majority Voting Rights in MMXX

  • —Filings for fiscal 2023–2025 and the H1 2024 report were corrected
  • —MMXX became a major Metaplanet shareholder in February 2023 via a third-party allotment
  • —In August 2024 MMXX lent Metaplanet ¥1 billion, which was fully spent on bitcoin
  • —Gerovich's stake in MMXX's parent and any gains from share sales remain undisclosed
Why it matters: The correction addresses part of the conflict-of-interest concerns, but incomplete disclosure on MMXX ownership could weigh on shareholder trust in the company's bitcoin strategy.
#BTC
Source: CoinDesk Japan
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