Tokyo-based Metaplanet has announced a 10-to-1 stock split, set to take effect on April 1. The move aims to lower the price per share, improve liquidity, and attract more investors as the company continues expanding its Bitcoin holdings.
But why split the stock now?
Here’s a closer look at what’s driving this decision and what it means for the company’s future.
Metaplanet started buying Bitcoin in April 2024 and now holds 2,031 BTC, worth nearly $200 million. Its Bitcoin-focused strategy has made it the best-performing Japanese stock in the past year, with its share price skyrocketing by 3,900%. With 1,762 BTC already in reserves and a goal of 21,000 BTC, Metaplanet is positioning itself as Asia’s top Bitcoin investment play.
The latest decision comes after a reverse stock split in August 2024, which combined 10 shares into one. Since then, the company’s share price has surged, creating what it describes as a “substantial financial burden for 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 noted.
Following the split, the total number of shares will rise from around 39 million to nearly 392 million. The company will also adjust exercise prices for certain stock acquisition rights. The final number of authorized shares will be confirmed at Metaplanet’s Annual General Meeting on March 24, 2025.
Metaplanet’s stock fell 8.41% in over-the-counter trading after announcing the split, but the company remains focused on its Bitcoin accumulation strategy.
On Monday, Metaplanet disclosed it had purchased another 269.43 BTC for about $26.4 million. This purchase follows a ¥4 billion bond issuance and the approval of 21 million new shares to fund further Bitcoin acquisitions. The company’s total holdings now stand at 2,031 BTC, valued at around $196 million.
With a goal of 21,000 BTC by 2026, Metaplanet is pushing forward with its aggressive Bitcoin strategy, cementing its position as a key institutional player in the crypto space.
As Metaplanet stacks more Bitcoin, its journey is becoming a case study in high-stakes corporate crypto adoption.
The price of XRP has made an impressive move on the charts. On the daily…
Pi Network, which recently surged to $1.40 following a 100% price jump, has now fallen…
The notable growth rate of Stellar network is bolstered by institutional investors seeking to tokenize…
Metaplanet focused on the Bitcoin strategy in the first quarter to reach a target of…
Chainlink network has been used by top-tier TradFi institutions to enable tokenization of real-world assets.…
Even though the overall crypto market is doing well, meme coins are having a hard…
