The Block
The Block|Sep 08, 2026 07:46
THE BLOCK: Metaplanet's Tokyo-listed stock fell nearly 10% on Tuesday to close at 244 yen, amid controversies surrounding CEO Simon Gerovich’s expanded executive option pool and his ties to MMXX Ventures, a Metaplanet shareholder. Gerovich explained on Sunday that the company has already removed the rule that expanded the option pool and added a five-year lock-up on those rights. He also said he is a "non-majority" owner of MMXX's parent company and has no role in its trading.(The Block)
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