Metaplanet announced a 10-for-1 stock split to be executed on April 1

ChainCatcher news, according to CoinDesk, Japanese listed company Metaplanet announced a 10-for-1 stock split to be implemented on April 1. The company has been purchasing Bitcoin since April 2024 and currently holds 2,031 coins, worth nearly $200 million.

Benefiting from its Bitcoin allocation strategy, the company's stock price has increased by 3,900% over the past 12 months, making it the best-performing stock in Japan. Metaplanet stated in the announcement that the current stock price has imposed a "substantial financial burden" on investors, and this stock split will reduce the price per trading unit, helping to improve stock liquidity, expand the shareholder base, and strengthen connections with a broader group of investors.