Highlights
Metaplanet, popularly called Japan’s Microstrategy, recently announced its partnership with SBI VC Trade announcing a shareholder benefit program and rewarding them with 30 million Yen of Bitcoins. This news was enough to send the company’s stock soaring over 6% surging past $2,450 levels. The Japanese firm is taking a unique approach by rewarding its shareholders and building a value ecosystem through its BTC purchases.
In partnership with SBI VC Trade Co., Ltd., a subsidiary of SBI Holdings, Inc. Metaplanet provided additional details for its shareholder benefit program, first announced in November 2018. This initiative aims to provide added value to shareholders through BTC-related rewards. The announcement reflects the company’s commitment to fostering cryptocurrency adoption and enhancing shareholder engagement. Also, the announcement comes soon after a $62 million fundraising for Bitcoin purchases.
Company CEO Simon Gerovich noted: “This initiative is part of our efforts to provide Bitcoin for free so that more people in Japan can experience Bitcoin”.
Japan’s MicroStrategy noted that it would distribute 30 million Japanese Yen to its 2,350 shareholders. Of these, 50 winners will receive ¥100,000 worth of Bitcoin each, 100 winners will receive ¥30,000 worth of Bitcoin each, and 2,200 winners will receive ¥10,000 worth of Bitcoin each. However, Metaplanet has put some eligibility criteria for shareholders to receive these rewards.
The Japanese firm also announced that it would credit the Bitcoins to eligible SBI VC Trade accounts by late April 2025. Furthermore, the distribution amount will be based on the SBI VC Trade Bitcoin buy price as of 11:59 PM on April 15, 2025.
The Metaplanet stock price has been rallying in tune with the 37% Bitcoin price rally in November, and gained by a similar magnitude. Its year-to-date gains stand at 1,360% with most of it coming after the company’s BTC adoption strategy in May. The company has also generated an impressive BTC yield of 155%.
Market analysts expect the stock to rally further to 3,000 JPY, the highs it attained in May this year. Speaking on Bitcoin rewards for shareholders, the firm noted:
“We remain committed to delivering value to our shareholders by forming strategic partnerships with the best companies in the industry. Through initiatives like this, we aim to enhance shareholder benefits while staying true to our mission of advancing Bitcoin adoption. As we move forward, we will continue to explore innovative ways to provide meaningful opportunities and strengthen the connection between our shareholders and the broader Bitcoin ecosystem”.
After 37% gains in November, the Bitcoin price is flirting around $96,678. Market analysts expect a 30-46% Bitcoin price rally in December, based on historical performance.
Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…
The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…
Justin Sun Justin Justin Sun responded to World Liberty Financial freezing his wallet by promising…
Michael Saylor's Strategy (NASDAQ: MSTR) missed the inclusion in the S&P 500 index on Friday,…
MARA announced that it now holds $5.9 billion worth of Bitcoin. This cements its position…
The U.S. Senate Banking Committee has released an updated version of the draft Crypto Market…