After a higher rocket in the price of his shares since Bitcoin began to add to his balance sheet less than a year ago. Metaplenet has announced a division of shares of 10 to 1 established to enter into force on April 1.
The company based in Tokyo began buying Bitcoin in April 2024 and since then has accumulated 2,031 tokens worth almost $ 200 million. Purchases were the driving factor in Metaplanet such as Japanese equity with better yield 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 division.
“To address this, we have decided to make a division of shares to reduce the price per negotiation unit, thus improving liquidity, expanding our investor base and strengthening our connection with a wider range of shareholders,” the company continued.
