Metaplanet CEO: Stake Dilution Due to New Share Issuance, Not Stock Sales

BitcoinWorld Metaplanet CEO: Stake Dilution Due to New Share Issuance, Not Stock Sales Simon Gerovich, CEO of Japanese Bitcoin treasury company Metaplanet, has clarified that his recent reduction in company ownership resulted from new share issuance, not personal stock sales.

In a post on X, Gerovich stated that his stake decreased to 14.19% from 17.99% as of today, emphasizing that he has not sold a single share. He attributed the dilution to an increase in the total number of issued shares, while his share count remained unchanged.

Gerovich also expressed optimism about both Bitcoin and Metaplanet’s future prospects. Understanding the Dilution Metaplanet, often referred to as “Asia’s MicroStrategy,” has adopted a strategy of accumulating Bitcoin as a treasury reserve asset.

To fund these acquisitions, the company has periodically issued new shares, a practice that dilutes existing shareholders’ ownership percentages.