Metaplanet's Bitcoin Bet: 10-for-1 Stock Split After 3900% Surge

Generated by AI AgentCoin World
Tuesday, Feb 18, 2025 8:18 am ET1min read

Metaplanet, a Tokyo-based company with a focus on Bitcoin, has announced a 10-for-1 stock split effective April 1. This move comes after a remarkable 3,900% surge in the company's stock price, which has been driven by its strategic addition of Bitcoin to its balance sheet. The stock split aims to lower the minimum investment cost and enhance market liquidity.

The company began purchasing Bitcoin in April 2024 and has since accumulated 2,031 tokens, valued at nearly $200 million. This significant investment in Bitcoin has been the primary catalyst for Metaplanet's exceptional performance over the past 12 months, making it the best-performing Japanese equity during this period.

In a press release announcing the stock split, Metaplanet acknowledged the substantial financial burden that the recent price rise has placed on investors. To address this, the company has decided to conduct a stock split to lower the price per trading unit, thereby improving liquidity, expanding its investor base, and strengthening its connection with a broader range of shareholders.