Key Points
- Metaplanet is launching a Bitcoin reward program for shareholders in collaboration with SBI VC Trade.
- The initiative aims to leverage strategic partnerships to enhance shareholder value and promote Bitcoin adoption.
Metaplanet, a company listed in Tokyo, has announced a new benefit program for its shareholders. This program will offer Bitcoin (BTC) rewards via a lottery system, in partnership with SBI VC Trade, a subsidiary of SBI Holdings.
Details of the Program
On December 2, Metaplanet shared details of the initiative via a post. The goal of this program is to increase shareholder value by offering benefits related to Bitcoin, thereby demonstrating the company’s commitment to strategic partnerships within the cryptocurrency sector.
Shareholders of Metaplanet who hold a minimum of 100 shares by December 31 are eligible for Bitcoin prizes. The program also extends to individuals or corporations who open new accounts with SBI VC Trade between November 18 and March 31, 2025. To participate, they need to register on a dedicated website by March 31, 2025.
Prize Distribution
The company plans to distribute a total of 30 million yen (approximately $199,500) in the form of BTC to 2,350 shareholders through a lottery system. This includes 50 prizes of 100,000 yen (around $664) in Bitcoin, 100 prizes of 30,000 yen (about $200) in Bitcoin, and 2,200 prizes of 10,000 yen (approximately $66.5) in Bitcoin.
The announcement of this initiative led to a 4.58% rise in Metaplanet’s shares (MTPLF), reaching $16, according to data from the OTC Markets Group. This development follows Metaplanet’s recent plans to raise $62 million via a series of stock acquisition rights for EVO Fund. The funds raised are intended to increase the company’s Bitcoin holdings for treasury management.
On November 28, Metaplanet announced its plan to issue 29,000 units, each granting EVO Fund the right to purchase 100 common shares. The cost of each subscription right is set at 614 yen, which brings the total issuance value to 17,806,000 yen.