Bitcoin treasury Metaplanet faces market skepticism, with shares falling about 17% over two days.

BlockBeats News, September 8 - According to Bitget market data, Metaplanet, Japan's largest Bitcoin treasury company, saw its stock close down 9.9% at 244 yen today, with a cumulative decline of approximately 17% over the past two days.

Recently, Metaplanet CEO Simon Gerovich responded to controversies surrounding the company's executive compensation plan and its relationship with shareholder MMXX Ventures, acknowledging that the company failed to adequately explain the 10th series of new share subscription rights incentive plan and MMXX's organizational structure. He stated that he is a significant but non-controlling shareholder in MMXX's parent company and was not involved in that company's trading decisions, yet the market's doubts remain unresolved.