After a rocket that was higher in its stock price since the beginning of adding bitcoin to its balance less than a year ago. Metaplanet has announced a 10-to-1 share sharing set to take effect on April 1st.
The Tokyo-based company first started buying Bitcoin in April 2024 and since then has accumulated 2,031 tokens worth nearly $ 200 million. The purchases were the driving factor in the fact that the metaplan was the best priest Japanese equity over the past 12 months with a gain of 3,900%.
This price increase has created a “significant financial burden for investors,” the company said in a press release announcing the split.
“To tackle this, we have decided to complete a share division to lower the price per year. Handling and thereby improve liquidity, expand our investor base and strengthen our connection with a wider range of shareholders, ”the company continued.
