Metaplanet Announces 10-to-1 Stock Split Effective April 1
Metaplanet will implement a 10-to-1 stock split effective April 1. This decision follows a significant increase in its stock price due to the company's bitcoin purchases.
- Metaplanet started acquiring bitcoin in April 2024, accumulating 2,031 tokens valued at nearly $200 million.
- The firm became the best-performing Japanese equity with a 3,900% gain over the past year.
- The stock price surge has created financial challenges for investors.
- The stock split aims to reduce the trading unit price, enhance liquidity, and expand the investor base.