Metaplanet to Execute 10-for-1 Stock Split After Massive Bitcoin-Driven Rally
Metaplanet, the Tokyo-based firm that has aggressively accumulated Bitcoin, is set to conduct a 10-for-1 stock split on April 1 following a staggering 3,900% surge in its share price over the past year.
Since initiating its Bitcoin buying strategy in April 2024, the company has amassed 2,031 BTC, now valued at nearly $200 million. This accumulation has propelled Metaplanet to become the top-performing stock in Japan over the last 12 months.
In its announcement, Metaplanet cited the need to reduce the financial burden on investors caused by the sharp price increase.
“The split aims to enhance liquidity, attract a wider investor base, and make our stock more accessible to both institutional and retail shareholders,” the company stated.
The move underscores Metaplanet’s continued commitment to Bitcoin as a fundamental asset while positioning itself for further expansion in the digital asset space.
