Metaplanet, a Tokyo-based firm, has announced a 10-to-1 stock split effective April 1, following a 3,900% increase in its stock price over the past year. The company began purchasing bitcoin in April 2024, accumulating 2,031 tokens now valued at nearly $200 million. This investment strategy made Metaplanet the top-performing Japanese equity in the last 12 months. The stock split aims to reduce the price per trading unit, enhancing liquidity and broadening the investor base. The company’s decision to split the stock was driven by the need to make shares more accessible to investors, thereby strengthening shareholder connections.
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