Metaplanet cuts management option program by 41% to $220 million

• —Potential shares under Series 10 cut from 319.46 million to 188.19 million (-41.1%)
• —Including already exercised options, the remaining balance fell from 236.64 million to 105.37 million shares (-55.5%)
• —CEO Simon Gerovich said options worth more than $220 million were canceled
• —Metaplanet shares have fallen more than 33% year-to-date, worse than BTC (-10%) and Strategy (-15%)