Metaplanet is cutting executive rewards after concluding that later Bitcoin purchases created less value per share. On Sept. 11, the Tokyo-listed Bitcoin treasury company announced it has reset its Series 10 stock acquisition rights, eliminating more than $220 million in warrant value.
Source: [CryptoSlate](https://cryptoslate.com/metaplanet-ceo-surrenders-220-million-in-stock-rights-to-rebuild-trust-with-investors/)