On September 30, according to Bitcoin Treasuries, an independent director of Metaplanet, a publicly listed Bitcoin treasury company in Japan, responded to the controversy surrounding the Series 10 executive stock warrants. The director stated that the team purchased the warrants at fair value when the company's financial situation was unclear, emphasizing that 'this is a potentially loss-making investment, not a free grant.' Focusing solely on the exercise price overlooks the actual payment amount, associated risks, the multi-year vesting period, and subsequent lock-up and exercise restrictions.
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