Metaplanet cuts Series 10 stock pool by 41%, plans Hong Kong subsidiary
60-second summary
Metaplanet announces it will slash its Series 10 stock pool by 41%, eliminating 131.3 million potential shares, while simultaneously establishing a $1 million Hong Kong subsidiary to trade Bitcoin, equities and credit products; the move aims to streamline capital allocation, boost liquidity and position the firm for broader market participation, potentially enhancing investor confidence and valuation.
Metaplanet will cut 131.3 million potential shares and form a $1 million Hong Kong subsidiary for trading in Bitcoin, equities and credit products.