Metaplanet has added $67M to its Bitcoin stock following the 10-to-1 split

Metaplanet, a Japanese company that owns Bitcoins, has announced its purchase of 696 BTC at a cost of 10.152 billion yen (67 million dollars) in X’s April 1, 2014 post.

You can also find out more about the following: investment Metaplanet now has 4,046 BTC in its total Bitcoin stock, worth over $341 Million at time of writing.

Stock Splits Target Investor Access

This acquisition is a short time after Metaplanet issued 2 billion Cointelegraph, March 31, reported that bonds in the amount of 13.3 million yen (13.32 millions dollars) could be used to purchase more BTC.

Metaplanet also reversed their stock split by 10-to-1 shortly before this move. The company previously stated in an 18-Feb filing that the share price of its stock had significantly increased, which created a large barrier to entry for investors.

“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 an article published on Feb. notice.

The aim of the stock split is to decrease the price per trade unit in order to enhance liquidity and increase the investor base.

On March 28, 2009, the 10-to-1 split of stock was complete. according Investing.com

Related: $1T stablecoin supply could drive next crypto rally — CoinFund’s Pakman

Metaplanet is also known as “Asia’s MicroStrategy,” It aims at accumulating 21,000 BTC in 2026, as part its strategy to drive Bitcoin adoption throughout Japan. The company currently holds 4,046 BTC, making it the ninth biggest corporate Bitcoin investor in the world. according to Bitbo data.

Related: Crypto trader turns $2K PEPE into $43M, sells for $10M profit

The Bitcoin dip is also a strategy to buy

Metaplanet’s acquisition comes at a time when institutional investors are dipping into the market. Michael Saylor’s Strategy announced their latest purchase on 31 March. Strategy purchased 22,048 Bitcoin sold for $1.92 Billion at an average of $86,969 each in the latest BTC weekly haul.

Saylor, in a 31 March X, said that Saylor now has over 528,000 Bitcoin, acquired for $35.63 Billion at an average of $67,000 per BTC. post.

Bitcoin is gaining acceptance among institutions despite global uncertainty surrounding Donald Trump Trump’s looming tariff Announcement that may cause volatility to both traditional and crypto markets.

“Risk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty,” Iliya Kalchev is a Nexo dispatch expert, according to Cointelegraph.

The announcement of April 2, is expected to include reciprocal trade duties targeting the top US trading partner. A development like this could lead to inflationary concerns, and may limit demand for high-risk assets such as Bitcoin.

Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1