Metaplanet launches a Bitcoin lottery plan to incentivize shareholder participation
Tokyo-listed investment company Metaplanet announced a brand new shareholder benefit plan to distribute Bitcoin rewards to shareholders through a lottery. This move aims to encourage shareholders to participate in the company's new cooperation plan with SBI Holdings subsidiary SBI VC Trade.
On December 2, Metaplanet stated on social media X that the plan aims to enhance shareholder value by 'providing Bitcoin-related benefits,' reflecting the company's commitment to 'utilizing strategic partnerships' in the cryptocurrency industry.
Source: Metaplanet Metaplanet announces a new shareholder benefit plan to distribute Bitcoin rewards to shareholders through a lottery
According to the plan, shareholders holding at least 100 shares of Metaplanet stock as of December 31 will be eligible to participate in the Bitcoin lottery. Additionally, individuals or companies opening new accounts at SBI VC Trade between November 18, 2024, and March 31, 2025, can also participate. Participants must complete the registration process through a dedicated website by March 31, 2025.
This collaboration not only helps to strengthen the relationship between Metaplanet and SBI VC Trade but also provides shareholders with the opportunity to acquire cryptocurrencies, further promoting the popularity of Bitcoin in Japan.
Stock price rise, expansion of Bitcoin holdings plan draws attention
This Bitcoin lottery plan will distribute a total of 30 million yen (approximately NT$6.53 million) worth of Bitcoin to 2,350 shareholders through a lottery. This includes:
50 Bitcoin prizes worth 100,000 yen (approximately NT$22,000);
100 Bitcoin prizes worth 30,000 yen (approximately NT$6,500);
2,200 Bitcoin prizes worth 10,000 yen (approximately NT$2,200).
Since accepting Bitcoin, Metaplant's stock price has risen by 1,335.63% this year, successfully revitalizing the stock price through a method similar to that of MicroStrategy.
Source: Google Finance Metaplant's stock price has risen by 1,335.63% this year
These series of initiatives follow Metaplanet's announcement of plans to raise $62 million (approximately NT$1.98 billion) through a series of stock purchase rights directed at the EVO Fund. The funds will be used to expand its Bitcoin holdings for financial management.
In a press release on November 28, Metaplanet announced plans to issue a total of 29,000 units of stock purchase rights, each granting the EVO Fund the right to purchase 100 shares of common stock. The cost per warrant is set at 614 yen (approximately NT$134), making the total issuance value reach 17.806 million yen (approximately NT$3.87 million).
Source: Metaplanet Metaplanet plans to issue a total of 29,000 units of stock purchase rights
This series of actions shows that Metaplanet is actively expanding its presence in the cryptocurrency industry, not only strengthening its capabilities through cooperation with SBI VC Trade, but also enhancing market influence by rewarding shareholders. Market analysts believe this will help boost investor confidence in Metaplanet and drive further increases in its stock price.
[Disclaimer] The market carries risks; investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Invest at your own risk.
'Shareholders are in luck! Metaplanet launches a Bitcoin lottery plan, giving away 30 million yen' This article was first published in 'Crypto City'
