Metaplanet cuts warrant pool by 55.5%

CoinGape reports that Metaplanet cancelled 131.3 million shares worth about $220 million without buying any Bitcoin. The publisher says the restructuring addresses a shareholder revolt over management dilution and could increase Bitcoin per fully diluted share by about 8.8%. CoinGape quotes VanEck’s Matthew Sigel calling the move a “meaningful concession,” but says the dilution overhang for 2029–2031 remains unresolved.