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Metaplanet, a Tokyo-based firm, announced that it will undergo a 10-for-1 stock split effective April 1. This decision follows an extraordinary 3,900% increase in the company’s stock price, which has been largely attributed to its strategic acquisition of bitcoin assets.
Since April 2024, Metaplanet has been actively purchasing bitcoin, amassing a total of 2,031 tokens valued at nearly $200 million. These investments have significantly contributed to the company’s performance, making it the top-performing Japanese equity over the past year.
The surge in stock price, however, has led to concerns about the affordability of shares for investors. In response, Metaplanet aims to reduce the minimum investment cost through the stock split, thereby enhancing market liquidity. The company believes this move will attract a wider investor base and strengthen its relationship with shareholders.
In a press release, Metaplanet addressed the financial challenges posed by the high share price. The company stated that the stock split is intended to make the stock more accessible to a broader range of investors by lowering the price per trading unit.
The stock split is expected to take place at the beginning of April, marking a new chapter for Metaplanet as it continues to integrate cryptocurrency into its balance sheet and operations. With the split, Metaplanet seeks to maintain its momentum and build a more inclusive investment environment for its shares.
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