Metaplanet Announces 10-for-1 Stock Split Following Massive 3,900% Rally
Tokyo-based Metaplanet is set to execute a 10-to-1 stock split on April 1, following an extraordinary surge in its stock price since incorporating Bitcoin into its balance sheet less than a year ago.
Since April 2024, the firm has steadily accumulated Bitcoin, amassing 2,031 BTC valued at nearly $200 million. This strategic move has propelled Metaplanet to become the top-performing Japanese stock over the past 12 months, soaring 3,900%.
In a statement, the company acknowledged that its rapid price appreciation has created a “substantial financial burden for investors.”
“To mitigate this, we have decided to implement a stock split to reduce the price per share, enhance liquidity, broaden our investor base, and strengthen our engagement with a wider range of shareholders,” Metaplanet explained in its announcement.
