{"id":126235,"date":"2025-04-01T12:16:10","date_gmt":"2025-04-01T12:16:10","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126235"},"modified":"2025-04-01T12:16:10","modified_gmt":"2025-04-01T12:16:10","slug":"metaplanet-adds-67m-in-bitcoin-following-10-to-1-stock-split","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126235","title":{"rendered":"Metaplanet adds $67M in Bitcoin following 10-to-1 stock split"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsJapan-based Metaplanet has expanded its Bitcoin holdings, purchasing 696 BTC for 10.152 billion yen ($67 million), the company announced in an April 1 post on X.<br \/>\nThe investment pushes Metaplanet\u2019s total Bitcoin stash to 4,046 BTC, valued at over $341 million at the time of writing.<br \/>\nSource: MetaplanetStock split targets investor accessibility<br \/>\nThe acquisition comes shortly after Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more BTC, Cointelegraph reported on March 31.<br \/>\nSource: Simon GerovichThe move also comes shortly after Metaplanet\u2019s 10-to-1 reverse stock split. The company had previously warned in a Feb. 18 filing that its share price had risen significantly, creating a high barrier to entry for retail investors.<br \/>\n\u201cWe implemented a reverse stock split consolidating 10 shares into 1. Since then, our stock price has risen significantly, and the minimum amount required to purchase our shares on the market has now exceeded 500,000 yen, creating a substantial financial burden for investors,\u201d according to a Feb. 18 notice.<br \/>\nStock split announcement. Source: MetaplanetThe stock split aims to lower the price per trading unit to improve liquidity and expand the firm\u2019s investor base.<br \/>\nMetaplanet stock split history. Source: Investing.comThe 10-to-1 stock split was completed on March 28, according to investing.com.<br \/>\nRelated: $1T stablecoin supply could drive next crypto rally \u2014 CoinFund\u2019s Pakman<br \/>\nMetaplanet, often referred to as \u201cAsia\u2019s MicroStrategy,\u201d aims to accumulate 21,000 BTC by 2026 as part of its strategy to lead Bitcoin adoption in Japan. With 4,046 BTC in its treasury, it currently ranks as the ninth-largest corporate Bitcoin holder globally, according to Bitbo data.<br \/>\nRelated: Crypto trader turns $2K PEPE into $43M, sells for $10M profit<br \/>\nStrategy is also buying the Bitcoin dip<br \/>\nMetaplanet\u2019s purchase comes during a period of institutional dip buying, with Michael Saylor\u2019s Strategy announcing its latest acquisition on March 31. Strategy purchased 22,048 Bitcoin for $1.92 billion at an average price of $86,969 per Bitcoin in its latest weekly BTC haul.<br \/>\nThe company now holds over 528,000 Bitcoin acquired for $35.63 billion at an average price of $67,458 per BTC, Saylor said in a March 31 X post.<br \/>\nSource: Michael SaylorInstitutions are showing confidence in Bitcoin despite the global market uncertainty around US President Donald\u00a0Trump\u2019s looming tariff\u00a0announcement, which may create significant volatility in both crypto and traditional markets.<br \/>\n\u201cRisk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty,\u201d Nexo dispatch analyst Iliya Kalchev told Cointelegraph.<br \/>\nThe April 2 announcement is expected to detail reciprocal trade tariffs targeting top US trading partners, a development that may increase inflation-related concerns and limit demand for risk assets like Bitcoin.<br \/>\nMagazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler\u2019s Digest, Feb. 23 \u2013 March 1<a href=\"https:\/\/cointelegraph.com\/news\/metaplanet-buys-696-bitcoin-10-for-1-stock-split?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsJapan-based Metaplanet has expanded its Bitcoin holdings, purchasing 696 BTC for 10.152 billion yen ($67 million), the company announced in an April 1 post on X. The investment&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126235"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126235"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126235\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126235"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}