VanEck criticizes Metaplanet over executive dilution despite compensation cuts
VanEck said Metaplanet’s executive equity exposure remains well above its digital asset treasury peers, even after the company cut its potential share pool by 41%.
VanEck, a prominent asset manager, has criticized Metaplanet, a Japanese Bitcoin treasury company, for its executive compensation structure despite recent cuts to its potential share pool. In a recent report, VanEck labeled Metaplanet's compensation as "Bad," making it the only company out of the top 10 digital asset treasury firms to receive such a rating.
The asset manager noted that Metaplanet's executive equity exposure is significantly higher than its peers, with an equity plan equal to 14.7% of fully diluted shares and officer exposure of 8.2%, compared to an average of 2% and 0.5% respectively. VanEck has recommended reversing the 273 million-share expansion created by an automatic adjustment mechanism and replacing the remaining rights with a shareholder-approved compensation plan.
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