Metaplanet’s executive stock pool continues to draw backlash over dilution concerns, as investors urged the company to freeze the exercise rights tied to 273 million shares. Japanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns. Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool, which was designed as 20% of fully diluted shares and automatically expanded as the company issued new shares to fund its Bitcoin (BTC) accumulation. Bitcoin Magazine CEO David Bailey defended Metaplanet’s executive stock model, saying that giving the team 20% of the cap table over five years “isn’t some crazy number” and that his company has been invested in Metaplanet since “day zero,” in a Tuesday X post. Read more
Bitcoin aggregate onchain profit entered its fourth week, but a popular analyst warned that BTC price “downside risk” remained in place. Bitcoin (BTC) is breaking with typical bear-market behavior as a classic onchain metric puts in its longest bullish streak of 2026. Key points: Read more
Alan Lane said a “coordinated attack” by the Biden administration made Silvergate’s continued operation untenable and prompted its liquidation. Former Silvergate Bank CEO Alan Lane said political and regulatory pressure from the Biden administration drove the crypto-focused lender’s voluntary wind-down in 2023, arguing that the bank remained solvent after weathering a deposit run. In an inaugural Substack post on Tuesday, Lane said Silvergate could have continued operating after satisfying withdrawals equivalent to 70% of its demand deposits during the fourth quarter of 2022. He argued that a “coordinated attack by the Biden Administration” ultimately led to the wind-down, saying the bank chose liquidation “in the face of political pressure.” Lane said Silvergate had held liquid assets that could be sold or pledged as collateral during periods of heavy withdrawals. In a January 2023 business update, the bank reported that digital asset deposits fell 68% from $11.9 billion to $3.8 billion during the quarter. S...