Japan’s Metaplanet to reward shareholders with Bitcoin for holding stock

As a seasoned researcher with a keen interest in blockchain technology and financial markets, I find Metaplanet’s initiative with SBI VC Trade to be an intriguing development. This collaboration not only underscores the growing importance of strategic partnerships in the crypto space but also reflects a unique approach to enhancing shareholder value.


Metaplanet intends to award Bitcoin to its shareholders via a raffle mechanism, encouraging involvement in their fresh collaboration with SBI VC Trade.

A publicly traded company based in Tokyo, Metaplanet, has revealed a fresh shareholder incentive plan. This program awards participants with Bitcoin (BTC) via a lottery setup, which is a result of their partnership with SBI VC Trade, a subsidiary of SBI Holdings.

*Details of Shareholder Benefit Program in Collaboration with SBI VC Trade*

— Metaplanet Inc. (@Metaplanet_JP) December 2, 2024

On December 2nd, a post from the Japanese investment company announced their strategy focuses on boosting stock value through offering perks related to Bitcoin, demonstrating their dedication to utilizing strategic alliances within the cryptocurrency market.

In this program, anyone owning at least 100 shares of Metaplanet on December 31 will qualify for Bitcoin rewards. Moreover, new account holders with SBI VC Trade from November 18, 2021, to March 31, 2025, can also join the event. To be a part of it, participants need to register via a special website before the deadline on March 31, 2025.

This action demonstrates our dedication to utilizing strong collaborations to boost shareholder worth, all while encouraging the use and acceptance of Bitcoin.

Metaplanet

Approximately $199,500 in Bitcoin is going to be given out to 2,350 shareholders via a lottery system. This distribution consists of 50 winners receiving $664 worth of Bitcoin, 100 recipients getting $200 worth, and 2,200 individuals taking home $66.5 worth each.

4.58% surge in MTPLF shares occurred following Metaplanet’s initiative with SBI VC Trade, pushing their price up to $16, as reported by OTC Markets Group. This development took place not long after Metaplanet disclosed its intention to gather $62 million through the issuance of stock acquisition rights to EVO Fund. The funds will be utilized to enhance its Bitcoin reserves for effective treasury management.

In a statement on November 28, Metaplanet announced its plan to sell a total of 29,000 units. Each unit gives EVO Fund the opportunity to buy 100 common shares, priced at 614 yen per subscription right. This means the total issuance value will be approximately 17,806,000 yen.

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2024-12-02 14:01