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Metaplanet Announces 10-to-1 Stock Split to Address Financial Burden
Company’s Bitcoin Holdings Drive 3,900% Gain in Past 12 Months
Metaplanet, a Tokyo-based company, has announced a 10-to-1 stock split to take effect on April 1. The move is aimed at addressing the “substantial financial burden” faced by investors due to the company’s rapid stock price rise.
Bitcoin Holdings Drive Growth
Metaplanet’s stock price has skyrocketed by 3,900% in the past 12 months, driven largely by its decision to add bitcoin to its balance sheet. The company first started buying bitcoin in April 2024 and has since accumulated 2,031 tokens, worth nearly $200 million.
Best-Performing Japanese Equity
As a result of its bitcoin investments, Metaplanet has become the best-performing Japanese equity over the past 12 months.
Stock Split Aims to Address Financial Burden
The company’s announcement of the stock split comes as it acknowledges the financial strain its rapid growth has put on investors. “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,” the company stated in a press release.
FAQs
What is the purpose of the stock split?
The stock split is intended to address the substantial financial burden faced by investors due to the company’s rapid stock price rise.
How will the stock split affect investors?
The stock split will lower the price per trading unit, making it more accessible to a broader range of investors and improving liquidity.
What is the current market capitalization of Metaplanet?
The company’s current market capitalization is not publicly disclosed.
How many bitcoin tokens does Metaplanet hold?
Metaplanet holds 2,031 bitcoin tokens, worth nearly $200 million.
What is the current stock price of Metaplanet?
The current stock price of Metaplanet is not publicly disclosed.
