Metaplanet, often called Japan’s MicroStrategy, has partnered with SBI VC Trade to launch a Bitcoin-focused shareholder reward program, offering 30 million yen in Bitcoin.
The announcement caused the company’s stock to rise by over 6%, surpassing $2,450. This initiative is part of Metaplanet’s strategy to promote Bitcoin adoption and enhance shareholder value.
The reward program, first introduced in 2018, will distribute Bitcoin to 2,350 shareholders based on their holdings. 50 winners will receive ¥100,000 in Bitcoin, 100 will get ¥30,000, and 2,200 will receive ¥10,000 each.
Shareholders must own at least 100 shares by December 31, 2024, and open an SBI VC Trade account by March 31, 2025. Bitcoin will be credited to accounts in April 2025, with the amount based on the Bitcoin price at that time.
Metaplanet’s stock has surged 1,360% this year, largely due to its Bitcoin investment strategy. Analysts expect the stock to reach ¥3,000, matching its May highs. The company is focused on expanding Bitcoin adoption and offering further opportunities for its shareholders.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.