Metaplanet collaborates with SBI VC Trade to launch a shareholder benefit program, distributing BTC worth 30 million yen to 2,350 shareholders.
Metaplanet, commonly known as Japan's MicroStrategy, recently announced a collaboration with SBI VC Trade to unveil a shareholder benefit program, rewarding them with Bitcoin worth 30 million yen. This news was enough to send the company's stock price soaring over 6%, breaking through the $2,450 level. This Japanese company has taken a unique approach to rewarding shareholders by purchasing BTC and building a value ecosystem.
Metaplanet launches a shareholder program centered around Bitcoin
Metaplanet collaborates with SBI Holdings, Inc.'s subsidiary SBI VC Trade Co., Ltd. to provide more details on its shareholder benefit program, which was first announced in November 2018. The program aims to provide additional value to shareholders through BTC-related rewards. This announcement reflects the company's commitment to promoting cryptocurrency adoption and enhancing shareholder engagement. Additionally, this announcement was made shortly after raising $62 million for purchasing Bitcoin.
Company CEO Simon Gerovich stated: "This initiative is part of our effort to provide Bitcoin for free, so that more Japanese people can experience Bitcoin."
Japan's MicroStrategy company points out that it will distribute 30 million yen to its 2,350 shareholders. Among them, 50 winners will receive Bitcoin worth 100,000 yen each, 100 winners will receive Bitcoin worth 30,000 yen each, and 2,200 winners will receive Bitcoin worth 10,000 yen each. However, Metaplanet has set some eligibility criteria for shareholders to receive these rewards.
As of December 31, 2024, shareholders must hold at least 100 shares of Metaplanet stock.
Eligible participants must open new accounts at SBI VC Trade between November 18, 2024, and March 31, 2025.
Event registration must be completed by March 31, 2025, using the details provided by Metaplanet in early February.
Minors and non-residents are not eligible to participate.
The Japanese company also announced that it will deposit Bitcoin into eligible SBI VC Trade accounts by the end of April 2025. Additionally, the allocation amount will be based on the SBI VC Trade Bitcoin buying price as of 11:59 PM on April 15, 2025.
Share price rises by 6%
Metaplanet's share price has been following the 37% increase in Bitcoin prices in November, with a similar rise. So far this year, the company's increase has reached 1,360%, most of which came after the company launched its BTC adoption strategy in May. The company has also achieved an impressive 155% BTC yield.
Market analysts expect the stock to further rise to 3,000 yen, which is the peak reached this May. When discussing Bitcoin rewards for shareholders, the company noted:
"We are always committed to creating value for shareholders by establishing strategic partnerships with the best companies in the industry. Through such initiatives, we aim to enhance shareholder interests while adhering to our mission of promoting Bitcoin adoption. Along the way, we will continue to explore innovative ways to provide meaningful opportunities and strengthen the connection between shareholders and the broader Bitcoin ecosystem."
After a 37% increase in November, Bitcoin prices are currently hovering around $96,678. Based on historical performance, market analysts expect Bitcoin prices to rise by 30-46% in December.
