Metaplanet Announces 10-to-1 Stock Split Amid Soaring Bitcoin Investments
Metaplanet, a Tokyo-based technology firm, has recently made headlines with its impressive stock performance, soaring significantly since it began incorporating bitcoin into its balance sheet less than a year ago. In a bold move to enhance liquidity and attract a wider range of investors, the company has declared a 10-to-1 stock split, which is set to take effect on April 1.
Since initiating its bitcoin purchases in April 2024, Metaplanet has successfully accumulated a remarkable total of 2,031 bitcoins, valued at nearly $200 million. This strategic investment has been a pivotal factor in the company emerging as the top-performing equity in Japan over the past year, boasting an astonishing gain of 3,900%.
However, alongside this meteoric rise in stock price, Metaplanet has acknowledged the “substantial financial burden” it has created for its investors. In a recent press release announcing the stock split, the company stated, “To address this, we have decided to conduct a stock split to lower the price per trading unit, thereby improving liquidity, expanding our investor base, and strengthening our connection with a broader range of shareholders.” This decision reflects Metaplanet’s commitment to fostering a more inclusive investment environment and enhancing shareholder accessibility.
