Metaplanet Buys $67M in Bitcoin After Stock Split

Metaplanet has increased its Bitcoin holdings by $67 million after executing a 10-to-1 stock split.

On April 1, Japan’s Metaplanet disclosed via X that it had expanded its Bitcoin holdings by purchasing 696 BTC for 10.2 billion yen ($67 million).

Metaplanet now holds 4,046 BTC, with a current value exceeding $341 million.

According to a March 31 report, Metaplanet acquired more Bitcoin shortly after issuing bonds worth 2 billion yen ($13.3 million).

Metaplanet carried out a 10-to-1 reverse stock split before making this decision.

In its February 18 filing, the company stated that the dramatic increase in share price had made it challenging for retail investors to participate.

“We 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,” according to a Feb.18 notice.

To enhance liquidity and increase its investor base, Metaplanet aimed to decrease the price per unit of trading through the stock split.

Investing.com reported that Metaplanet completed the 10-to-1 stock split on March 28.

As part of its strategy to lead Bitcoin adoption in Japan, Metaplanet, often called “Asia’s MicroStrategy,” plans to amass 21,000 BTC by 2026.

Currently, Metaplanet ranks ninth among corporate Bitcoin holders globally, holding 4,046 BTC in its treasury, according to Bitbo data.

Metaplanet’s purchase coincides with Michael Saylor’s Strategy, announcing its latest acquisition on March 31, as institutional investors continue dip buying.

Strategy acquired 22,048 Bitcoin for $1.92 billion in its latest weekly BTC purchase, with an average price of $86,969 per coin.

In a March 31 update on X, Saylor reported that the firm has secured a total of more than 528,000 Bitcoin, spending $35.6 billion at an average price of $67,458 per BTC.

While President Donald Trump’s expected tariff announcement raises uncertainty in global markets, institutions continue to back Bitcoin, demonstrating resilience despite potential volatility in crypto and traditional assets.

Meanwhile, on April 2, officials will reveal details of reciprocal trade tariffs targeting major US trading partners, a move that might intensify inflation fears and curb appetite for Bitcoin and other risk assets.

“Risk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty,” Nexo dispatch analyst Iliya Kalchev noted.

Eric Trump, son of President Trump, recently joined the Metaplanet board as a strategic advisory board member, focusing on bitcoin adoption.