Metaplanet cancels warrants, launches Hong Kong Bitcoin unit

6.6 Investments

Sep 14, 2026

Metaplanet cancelled 41% of Series 10 warrants and launched a $1M Hong Kong unit to manage Bitcoin investments during Asian hours, expanding its global Bitcoin-focused services.

Metaplanet has made strategic moves to strengthen its Bitcoin-focused operations and reduce share dilution. The company cancelled 41% of shares tied to its Series 10 warrants, eliminating over US$220 million in potential warrant value. This action reduced the conversion ratio from 1:696 to 1:410, increasing the Bitcoin held per fully diluted share by approximately 8.8%. Additionally, unvested warrants will now vest in three groups between 2029 and 2031, each subject to a five-year lock-up period. Metaplanet also approved the creation of a wholly owned Hong Kong subsidiary, Metaplanet Asset Management Asia Limited, with $1 million in initial capital. This new entity will focus on trading Bitcoin, equities, preferred securities, and credit products during Asian market hours, complementing the company’s Miami-based operations. The Hong Kong unit will utilize both client funds and Metaplanet’s own capital, led by Simon Gerovich, Darren Winia, and Kelvin Lee. With 43,000 BTC in its treasury, Metaplanet expects minimal impact on its 2026 financial results. These initiatives are part of Project Nova, the company’s strategy to build a global financial-services platform centered on Bitcoin.