Metaplanet increased its holdings of Bitcoin by $67 million after completing a 10-for-1 stock split.

CN
1 day ago

Source: Cointelegraph Original: "{title}"

Japanese listed company Metaplanet announced an increase in its Bitcoin holdings, purchasing 696 BTC for 1.02 billion yen (approximately 67 million USD). The company disclosed this news on Tuesday (April 1) via a post on the X platform.

This investment brings Metaplanet's total Bitcoin holdings to 4,046 BTC, valued at over 341 million USD at current market prices.

Source: Metaplanet

According to blockchain financial media platform Cointelegraph, Metaplanet completed this acquisition shortly after issuing 20 billion yen (approximately 1.33 billion USD) in bonds to increase its Bitcoin holdings.

Source: Metaplanet CEO Simon Gerovich

Previously, the company had just completed a 10-for-1 stock consolidation. In a document submitted on February 18, it warned that the significant rise in stock prices had raised the investment threshold for retail investors.

The document stated: "After consolidating 10 shares into 1, the stock price has risen significantly, and the minimum market entry amount now exceeds 500,000 yen, placing a heavy financial burden on investors."

Stock Split Announcement Source: Metaplanet

This stock split aims to enhance liquidity by lowering the trading price per share and expanding the company's investor base.

Metaplanet Stock Split History. Source: Investing.com

According to data from Investing.com, the consolidation was completed on March 28, with the goal of enhancing liquidity by lowering the trading price per lot and expanding the investor base.

Known as "MicroStrategy," Metaplanet plans to accumulate 21,000 BTC by 2026 to promote Bitcoin adoption in Japan. According to Bitbo data, its current holding of 4,046 BTC ranks it ninth among global corporate Bitcoin holders.

Metaplanet's purchase coincides with a period of institutional bottom-fishing—Michael Saylor's MicroStrategy just announced on Monday the latest acquisition of 22,048 BTC (worth 1.92 billion USD, at an average price of 86,969 USD/BTC). Saylor revealed on the X platform that the company now holds 528,000 BTC, with a total cost of 35.6 billion USD, at an average price of 67,458 USD.

Source: Michael Saylor

Despite uncertainties in the global market due to the impending Trump tariff policies, which may trigger significant volatility in both crypto and traditional markets, institutions still show confidence in Bitcoin.

Iliya Kalchev, an analyst at cryptocurrency lending institution Nexo, told Cointelegraph: "Risk appetite remains constrained under the threat of Trump tariffs and ongoing macro uncertainties."

The tariff policy expected to be announced on Wednesday is likely to implement reciprocal tariffs against major U.S. trading partners, which could exacerbate inflation concerns and suppress demand for risk assets like Bitcoin.

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