Metaplanet Unveils ¥30M Bitcoin Rewards Program for Shareholders in Partnership with SBI VC Trade

by

As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of innovative initiatives designed to drive growth and attract investors. However, Metaplanet’s Bitcoin reward program for its shareholders is truly unique, especially given the current crypto-friendly climate.

Metaplanet, a company that supports cryptocurrency-oriented financial services, has unveiled its latest plan: a Bitcoin incentive program for shareholders. This program is intended for shareholders who own at least 100 shares of Metaplanet (MTPLF) by December 31. The details include the current Bitcoin price ($96 667), a daily volatility rate of 0.7%, a market capitalization of $1.91 trillion, a 24-hour trading volume of $74.91 billion, and a Bitcoin symbol (BTC).

The business is collaborating with SBI VC Trade, an offshoot of the Japanese financial conglomerate SBI Group, to dispense approximately 30 million yen‘s worth of Bitcoin to eligible shareholders as part of a novel incentive scheme.

Reward Distribution Details

As per the latest announcement, a selected number of 2,350 eligible shareholders are going to get Bitcoin as rewards depending on their holdings. The distribution plan states that 50 lucky participants will receive ¥100,000 in Bitcoin each, while 100 individuals will get ¥30,000, and the rest of the 2,200 shareholders are due to receive ¥10,000 per person.

To become eligible, shareholders need to accomplish several prerequisites: first, they must establish an account with SBI VC Trade and then sign up for the program before March 31, 2025. If all conditions are met, Bitcoin rewards will be deposited into qualified accounts around late April 2025. The specific amount credited will depend on the price of Bitcoin as of April 15, 2025.

According to Metaplanet’s CEO, Simon Gerovich, the Bitcoin reward initiative is a reflection of their dedication towards making Bitcoin a common aspect in daily life within Japan.

He stated that this move is an extension of our efforts aimed at giving Bitcoin at no cost, allowing a larger number of individuals in Japan to explore the world of Bitcoin.

Market Response and Growth Potential

Before the Bitcoin reward program even began, it had already made a substantial difference in the market. After the announcement, Metaplanet’s shares jumped more than 6%, demonstrating high investor faith. On Google Finance, you can see that the company’s stock has soared by an impressive 1,360% this year, largely due to its Bitcoin-centric strategy introduced earlier in the year.

As an analyst, I’m projecting continued growth in the stock market, with potential price levels reaching 3,000 JPY once more – a peak we last saw back in May.

In recent times, the business environment of Japan has become more open to cryptocurrencies, and Metaplanet is at the forefront with its new Bitcoin strategy. They revealed in April that they are following in MicroStrategy’s footsteps by adopting Bitcoin as a part of their corporate reserves.

At present, this Asian investment company owns approximately 1,142 Bitcoins, worth more than $109 million. As it continues to amass Bitcoin, it now stands as the region’s leading corporate Bitcoin holder.

Metaplanet has unveiled a $62 million (¥9.5 billion) fundraising effort aimed at increasing its Bitcoin holdings. This strategy, under a third-party issuance scheme, grants EVO FUND, an investment company based in the Cayman Islands, the right to acquire 29,000 stocks.

The announcement states that this adaptable strategy modifies the cost at which shares can be bought based on market fluctuations, aiming to limit over-dilution. This is anticipated to result in a potential 8% increase in the number of outstanding shares.

Read More

2024-12-02 17:59