Metaplanet Unveils 10-for-1 Stock Split After Bitcoin-Driven Surge
Japanese investment firm Metaplanet has announced a 10-to-1 stock split, set to take effect on April 1, following an astonishing 3,900% increase in its share price over the past year.
The Tokyo-based company, which began adding Bitcoin to its balance sheet in April 2024, has accumulated 2,031 BTC, now valued at nearly $200 million. This aggressive Bitcoin strategy has propelled Metaplanet to become the best-performing Japanese stock in the past 12 months.
In its statement, the company acknowledged that the soaring stock price had made trading costly for some investors.
“To enhance liquidity and broaden our shareholder base, we are implementing a stock split to make our shares more accessible,” Metaplanet said.
The move is expected to attract new investors while reinforcing the company’s commitment to Bitcoin as a core asset in its financial strategy.
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