Metaplanet cancels 41% of Series 10 warrants, reducing share dilution
- —41% of Series 10 warrants worth more than $220 million were canceled
- —The conversion ratio was lowered from 1:696 to 1:410
- —Bitcoin per diluted share will rise by ~8.8%
- —Unvested warrants will be distributed across 2029, 2030 and 2031
Why it matters: Reduced dilution makes Bitcoin treasury company shares more attractive to investors and could support the MTPLF price.
Source: Crypto News Australia
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