Metaplanet adds $67 million in Bitcoin following a 10-1 stock split

Japan-based Metaplanet has expanded its Bitcoin Holdings to purchase 696 BTC for 10.2 billion yen ($67 million), announced in a post on X on April 1.

The investment lifted Metaplanet’s total Bitcoin stash to 4,046 BTC, exceeding $341 million at the time of writing.

Stock split targets target investor accessibility

The acquisition comes shortly after Metaplanet issued 2 billion yen ($13.3 million) bonds to buy more BTC, Cointelegraph reported on March 31.

This move also comes just after Metaplanet’s 10-1 reverse stock split. The company previously warned that its share price rose sharply on February 18, creating a high barrier to retail investors’ entry.

“Stock prices have since risen significantly, with the minimum required to buy stocks in the market exceeding 500,000 yen, creating a significant financial burden for investors,” he said, adding that “10 shares have been combined into one share.”

The stock split aims to lower prices per trading unit to improve liquidity and expand the company’s investor base.

The 10-1 stock split was completed on March 28th, according to Investing.com.

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Often called the “Micro Strategy of Asia,” Metaplanet aims to accumulate 21,000 BTC by 2026 as part of its plan to lead the adoption of Bitcoin in Japan. According to Bitbo data, with 4,046 BTC currently in the Treasury, it is currently ranked as the global ninth largest company Bitcoin holder.

Related: Crypto Trader converts $2K Pepe to $43 million and sells it for $10 million profit

Strategy is also buying bitcoin dip

The purchase of Metaplanet took place during the on-site DIP purchase period, and Michael Saylor’s strategy announced its latest acquisition on March 31st.

The company is currently acquiring more than 528,000 Bitcoin at an average price of $67,458 per BTC at $35.6 billion, Saylor said in the X-Post on March 31.

The agency has shown trust in Bitcoin despite global market uncertainty over President Donald Trump’s looming tariff announcement.

“Due to the threat of tariffs from President Trump and the ongoing macro uncertainty, the risk appeal remains stifled,” Nexo dispatch analyst Ilya Karchev told Cointelgraf.

The April 2nd announcement is expected to detail mutual trade tariffs targeting US trading partners. This could raise inflation-related concerns and limit the demand for risky assets such as Bitcoin.

https://www.youtube.com/watch?v=ESB74SYK828

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