Metaplanet Plans 10-for-1 Stock Split After 3,900% Surge in Share Price
Metaplanet, a Tokyo-based company that has aggressively accumulated Bitcoin, announced a 10-to-1 stock split set to take effect on April 1. The move comes after a staggering 3,900% surge in its share price over the past year.
Since initiating Bitcoin purchases in April 2024, Metaplanet has amassed 2,031 BTC, now valued at nearly $200 million. The firm’s Bitcoin strategy has been a key driver behind its meteoric rise, making it the best-performing Japanese stock over the last 12 months.
In a press release, Metaplanet noted that the soaring stock price had become a “significant financial burden for investors.”
“To improve accessibility, enhance liquidity, and expand our investor base, we have decided to conduct a stock split, allowing for greater participation and a stronger connection with shareholders,” the company stated.
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