1. Home
  2. /News
  3. /Metaplanet Rewards Shareholders With ¥30M in Bitcoin, Stock Rises 6%

Metaplanet Rewards Shareholders With ¥30M in Bitcoin, Stock Rises 6%

Arslan Butt•Monday, December 2, 2024•1 min read

Metaplanet, Japan’s MicroStrategy, has launched a shareholder bonus program with SBI VC Trade.

They will be giving 2,350 eligible shareholders ¥30 million worth of Bitcoin. This is a big deal for cryptocurrency adoption and has sent Metaplanet’s stock up 6% to over ¥2,450.

CEO Simon Gerovich said “We want to put Bitcoin into our operations and make value for shareholders. This is part of our effort to give Bitcoin for free so more people in Japan can try Bitcoin.”

Key Details of the Shareholder Benefit Program

Under the program, Metaplanet will reward its shareholders as follows:

  • 50 shareholders will receive ¥100,000 worth of Bitcoin each.

  • 100 shareholders will be awarded ¥30,000 worth of Bitcoin.

  • 2,200 shareholders will receive ¥10,000 worth of Bitcoin.

Eligibility Criteria:

  • Shareholders must hold at least 100 Metaplanet shares as of December 31, 2024.

  • Eligible participants must open an account with SBI VC Trade between November 18, 2024, and March 31, 2025.

  • Campaign registration should be completed by March 31, 2025.

  • Rewards will be distributed by late April 2025, based on Bitcoin’s price at 11:59 PM on April 15, 2025.

Non-residents and minors are excluded from the program, ensuring compliance with Japan’s financial regulations.

Metaplanet Stock Soars on Positive Momentum

Metaplanet’s stock has gone up 1,360% this year and 37% in November. With Bitcoin up 37% in November, investors are getting more and more confident in their Bitcoin play.

Analysts are expecting more upside to ¥3,000 which was the price in May. And Bitcoin is expected to go up 30-46% in December according to historical trends which will make Metaplanet’s stock go up even more.

The company reaffirmed its commitment to enhancing shareholder benefits through innovative programs. “Through initiatives like this, we aim to advance Bitcoin adoption and create meaningful opportunities for our shareholders,” Metaplanet stated.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
img
Why Did MicroStrategy’s Stock Price Climb 24%?
4 hours ago
img
Bitcoin Consolidates Below $85K as Market Awaits Fed's Next Move
6 hours ago
img
New Bitcoin Price Prediction Based on Possible Federal Reserve Change
7 hours ago
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Add 3442

Add 3440

XM

Best Forex Brokers