According to CoinMeta, an independent director of Metaplanet responded to the controversy over the 10th series of executive options, stating that the team purchased the options at fair value when the company's financial situation was uncertain. This was a potentially loss-making investment, rather than a free grant that would overlook the actual payment amount, the risks involved, the multi-year vesting period, as well as the subsequent lock-up and exercise restrictions. (Source: bitcoin treasuries)