I wanted to take a moment to post about communications and transparency.
Over the past week, my colleagues and I have spent a lot of time reading the questions, feedback, and criticism that you have shared. Thank you for your passion, and for your belief in Metaplanet.
One thing that has become clear is that we have not done a good enough job of explaining how our structure and decisions are designed to create long-term value for all shareholders. We can do better, and we will.
It has also become clear that while opinions differ, we all want the same thing: for company leadership and shareholder interests to be aligned in creating as much long-term value as possible, and for Metaplanet to operate with the highest standards of transparency and governance.
Through this lens, we announced several significant changes to the 10th Series stock acquisition rights on August 18, including eliminating the adjustment provision, fixing the share count, and implementing additional alignment measures. We are continuing to review our governance and compensation policies and will share any updates when that work is complete.
Separately, I’d like to clarify details regarding the structure of MMXX Ventures. The basic facts are these: MMXX is a shareholder in Metaplanet, and I am a significant but non-majority shareholder of its parent company. I am neither a director nor officer of MMXX, and have no role in its investment or trading decisions. What I can speak to, and will, are the decisions made at Metaplanet.
Bottom line: going forward, you should expect to hear more from us around the decisions we make and how they shape the future of the company.
Thank you to everyone who has taken the time to engage.