Japanese investment firm Metaplanet's shares dropped over 8% after the company announced a 10-for-1 stock split. The stock split aims to improve liquidity and expand the investor base by lowering the price per unit. The decision comes as a result of the surge in share price after the company pivoted to Bitcoin, making it costly for investors to buy in. The stock split will increase the total number of issued shares from about 39 million to nearly 392 million and will take effect on April 1. The exercise price for stock acquisition rights will also be adjusted due to the split.



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