Metaplanet announced that bitcoin dedicated to 10-to-1 stock split after 3,900% climbing price

Following a rocketing higher in its stock price since starting to add bitcoin to the balance sheet less than a year ago. Metaplanet announced a 10-to-1 stock split set to be held on April 1.

Tokyo -based firm first started buying bitcoin in April 2024 and ever since was accumulated 2,031 tokens worth nearly $ 200 million. Purchases are the factor in driving to the metaplanet that the Best performing Japanese equity In the past 12 months with a benefit of 3,900%.

Raising that price has created a “big financial burden for investors,” says the company In a press release The split was announced.

“To address this, we decided to conduct a stock split to reduce the price per unit of trading, thus improving liquidity, expanding our investor base, and strengthening our connection to a wider range of shareholders, “The company continues.