PANews reported on February 18 that according to CoinDesk, Japanese Bitcoin company Metaplanet announced that it will conduct a 10:1 stock split on April 1, 2025. This decision was made against the backdrop of a 3,900% increase in the company's stock price, with the aim of reducing the minimum investment cost and improving market liquidity.
Metaplanet began buying Bitcoin in April 2024 and has now accumulated 2,031 Bitcoins with a market value of nearly $200 million. These Bitcoin purchases are a major factor in the company becoming the best performing Japanese stock in the past 12 months. The company said the stock split will help reduce the financial burden of investors, expand the investor base and strengthen ties with a wider range of shareholders.
