Metaplanet CEO speaks for the first time on shareholder governance battle

TLDR: Core Points

Metaplanet governance changes aim to align shareholder interests;MMXX Ventures association raises shareholders 'questions.

Metaplanet governance changes aim to align shareholder interests

The document shows that Metaplanet revised its tenth series of share options on August 18 this year. CEO Simon Gerovich said he currently does not hold any director or executive position at MMXX Ventures.

The August 18 change determined Metaplanet's total share capital and eliminated a controversial adjustment clause. Grovich promised to release further updates after Metaplanet completes its ongoing governance policy review.

Metaplanet CEO Simon Grovich publicly responded to weeks of shareholder criticism of the company's transparency. The bitcoin holding company outlined the latest governance changes aimed at aligning management's interests with investors.

Grovich also elaborated on his personal relationship with MMXX Ventures as a shareholder of Metaplanet. The move comes as the company continues to come under scrutiny over its stock acquisition structure.

Grovich said his team has spent a lot of time reading shareholder feedback over the past week. He admitted that Metaplanet had previously failed to clearly explain how its structure supports long-term value creation.

The CEO pointed out that despite differences of opinion on how to implement it, management and shareholders share the same underlying goals. He characterized the disagreement as a matter of communication rather than intention.

On August 18, Metaplanet announced adjustments to its tenth series of stock options. The changes removed adjustment clauses that had sparked shareholder objections and fixed the total future share capital of the project. Grovich said the update was aimed at removing uncertainty in the structure.

Grovich said these measures are aimed at strengthening the alignment of interests between management and investors. He added that Metaplanet introduced additional measures while implementing the above amendments. The company plans to continue to review its broader governance and compensation policies. Grovich said any further updates would be released once the internal review reached its conclusions.

The CEO positioned the announcement as part of a broader push for clearer communication. He said transparency remains a priority for Metaplanet in the future.

Grovich did not set a specific timetable for completing the governance review. He said the company would share specific details only after the decision was finalized.

I want to take a moment to talk about communication and transparency.
Over the past week, my colleagues and I have spent a lot of time reading the questions, feedback, and criticisms that you have shared. Thank you for your enthusiasm and belief in Metaplanet.
One... --Simon Grovich (@gerovich) September 6, 2026

MMXX Ventures association raises shareholder questions

Grovich also talked about his relationship with Metaplan shareholder MMXX Ventures. He said MMXX holds shares in Metaplanet as an external investor.

Grovich describes himself as a significant but not majority shareholder in MMXX's parent company. He pointed out that this shareholding does not extend to MMXX's daily operations.

The CEO stated that he does not hold any director or executive position at MMXX Ventures. He added that he was not involved in the company's investment or trading decisions. Grovich said he could only comment on decisions made directly by Metaplanet. He drew a clear line between personal shareholding and corporate affairs.

The clarification came after weeks of questioning about potential conflicts of interest. Shareholders have asked Metaplanet's management how it relates to MMXX's marketing activities. Grovich's statement was intended to distinguish his personal shareholding from Metaplanet's operations. He said the distinction was crucial for shareholders to judge a company's decisions.

Grovich finally thanked shareholders who had interacted with Metaplanet over the past few weeks. He said the company will share more details as future decisions are made. The CEO positioned continuous communication as the core of the company's next move. Grovich said shareholder feedback will continue to shape Metaplanet's operating model.