Following a higher extension in the course of his actions since he started adding Bitcoin to his balance sheet less than a year ago. Metaplanet announced a distribution of actions from 10 to 1 to take effect on April 1.
The company based in Tokyo began to buy Bitcoin in April 2024 and has since accumulated 2,031 tokens worth almost 200 million dollars. Purchases were the Metaplanet engine factor being the most efficient Japanese equity in the last 12 months with a gain of 3,900%.
This price increase has created a “substantial financial burden for investors,” the company said in a press release announcing the split.
“To remedy this, we decided to carry out a share division to reduce the price per unit of negotiation, thus improving liquidity, expanding our investor base and reinforcing our connection with a wider range of shareholders” prosecuted the company.
