[Metaplanet Independent Director Responds to Series 10 Warrant Controversy: Self-Purchased, Not Granted for Free] Golden Finance reported on September 30, according to Bitcoin Treasuries, the independent director of Japan-listed Bitcoin treasury company Metaplanet responded to the controversy surrounding the Series 10 executive stock warrants, stating that the team purchased the warrants at fair value during a time when the company's financial situation was unclear. 'This is a potentially loss-making investment, not a free grant.' Merely focusing on the exercise price overlooks the actual payment amount, associated risks, multi-year vesting period, and subsequent lock-up and exercise restrictions.