TechFlow reported on February 18 that, according to CoinDesk, Japanese-listed company Metaplanet announced a 10-for-1 stock split effective April 1. Since April 2024, the company has been purchasing Bitcoin and currently holds 2,031 BTC, worth nearly $200 million.
Benefiting from its Bitcoin investment strategy, the company's stock price has surged 3,900% over the past 12 months, making it the top-performing stock in Japan. In its announcement, Metaplanet stated that the current share price has created a "substantial financial burden" for investors. The stock split aims to reduce the per-lot trading price, improve liquidity, broaden its shareholder base, and strengthen engagement with a wider investor community.
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