“Japanese MicroStrategy” Unveils Bitcoin Reward Program
02.12.2024 20:00 1 min. read Kosta Gushterov
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.
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