Metaplanet Independent Director Responds to Series 10 Executive Warrants Controversy

Odaily: A Metaplanet independent director responded to criticism regarding the Series 10 executive warrants, stating that the team purchased the warrants at fair value when the company's financial condition was uncertain, and that the investment could result in a loss rather than being granted for free. The independent director stated that focusing solely on the exercise price overlooks the amount already paid, the risk, the multi-year vesting period, as well as subsequent lock-up and exercise restrictions. (Bitcoin Treasuries)