According to CoinDesk, Japanese bitcoin company Metaplanet has announced that it will conduct a 10:1 stock split on April 1, 2025. The decision comes against the backdrop of a 3,900% increase in the company's share price, with the aim of reducing minimum investment costs and improving market liquidity.
Metaplanet has amassed 2,031 bitcoins with a market cap of nearly $200 million since it started buying bitcoins in April 2024. These bitcoin purchases were a major factor in the company becoming the best-performing Japanese stock over the past 12 months. The company said the stock split will help ease the financial burden on investors, broaden the investor base and strengthen ties with a wider range of shareholders.
Metaplanet announces a 10:1 stock split on April 1
2025-02-18 13:31:14
Coindesk report japan bitcoin company metaplanet announced 2025desk3cryptocurrencydesktopCrypto News
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