“Metaplanet’s Stock Split Rollercoaster: 😱 Bulls, Bears, and Bitcoins, Oh My!”
Metaplanet shares took an 8% nosedive this week, leaving investors clutching their pearls (or possibly their wallets) as the Japanese company announced a bold 10-for-1 stock split. Apparently, “improving liquidity” now means “sending us back to the bargain bin.” 🤷♀️
It’s like this: Metaplanet, a company known for hoarding Bitcoin like a digitally minted Smaug, decided to chop each share into ten smaller, bite-sized pieces. You know—because nothing says “inclusive investing” like fractional shares the size of sushi rolls. The market’s verdict? “Oh no, thanks!” 📉
“[…] we have decided to conduct a stock split to lower the price per trading unit, thereby improving liquidity, expanding our investor base, and strengthening our connection with a broader range of shareholders.”
– Metaplanet (aka, the financial equivalent of tying a bow on chaos)
This decision comes hot on the heels of an August 2024 reverse stock split that bundled 10 shares into one—because, apparently, you sometimes *have* to knit your socks together before ripping them apart again. Since then, their stock price skyrocketed like a caffeinated squirrel, surging 3,600%. Naturally, it got too fancy for regular folks to buy in without selling their kidneys. 🏦
To avoid more organ sales, Metaplanet will now carve each share into 10 starting April 1 (because, obviously, April Fools’ Day was the perfect choice 🃏). Any shareholder listed on March 31 will get these bonus fractions of fiscal joy. This maneuver will increase total issued shares from a modest 39 million to a staggering 392 million—because, why stop at reasonable numbers when you can sound like you’re launching a galactic empire?
But wait, there’s more! Prices for stock acquisition rights will also shrink faster than a deflating balloon. For example, rights priced at 5,555 yen will now cost a breezy 556 yen, sparking the mystery: was Metaplanet inspired by a late-night sale at a department store? Meanwhile, the company assured its capital remains impressively unmoved, though its investors’ blood pressures might disagree. 😅
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2025-02-18 12:21