Cointelegraph reported that Metaplanet, a Japan-listed company that strategically acquires BTC, is facing backlash from some shareholders over the large-scale stock options granted to its executives. The media outlet explained, “The controversy arose surrounding Metaplanet's 10th executive stock option plan. These options constitute 20% of the fully diluted shares and are designed to increase in size for executives if new share issuances for Bitcoin purchase financing increase. Consequently, some shareholders are urging the company to cancel the newly included options worth 273 million shares during the amendment process and to disclose the relevant decision-making procedures more transparently, citing concerns that the value of existing shareholders' stakes could be continuously diluted. In response, David Bailey, CEO of Bitcoin Magazine, argued that a compensation plan allocating 20% of the fully diluted shares to executives over five years is not significantly out of the ordinary. Currently, some shareholders continue to criticize the size of executive compensation and the ongoing risk of share dilution.”
