Metaplanet Says Series 10 Warrant Chapter Closed After $220M Value Wipeout
- —Warrant ratio cut from 696 to 410 shares, exercise price unchanged at ¥10
- —Aggregate potential shares fell 41.1%, from 319.46 million to 188.19 million
- —Remaining unexercised pool cut 55.5%, to 105.37 million shares
- —Planned transfer of up to 90,000 warrants into an employee pool was withdrawn
Why it matters: The reduced dilution lifts Bitcoin per fully diluted share by about 8.8% and eases overhang risk for Metaplanet shareholders.
Source: The Crypto Times