Japan’s Metaplanet Rewards Shareholders with Bitcoin

Tokyo-listed Metaplanet has launched an innovative shareholder rewards program, leveraging Bitcoin to enhance shareholder value and promote cryptocurrency adoption. Through a collaboration with SBI VC Trade, a subsidiary of SBI Holdings, the company plans to distribute Bitcoin rewards via a lottery system.

Details of the Bitcoin Rewards Program

To qualify, shareholders must own at least 100 shares by December 31, 2024. Additionally, new account holders with SBI VC Trade between November 18, 2023, and March 31, 2025, are also eligible. Participants must register on a dedicated platform by the March 31 deadline.

Metaplanet has allocated a total of 30 million yen (approximately $199,500) for the program, distributed to 2,350 shareholders through various prize tiers:

• 50 prizes of 100,000 yen (~$664) worth of Bitcoin
• 100 prizes of 30,000 yen (~$200) worth of Bitcoin
• 2,200 prizes of 10,000 yen (~$66.50) worth of Bitcoin

Strategic and Financial Impacts

The announcement sparked a 4.58% rise in Metaplanet’s share price (MTPLF), reaching $16 on OTC Markets Group. The move aligns with the company’s broader strategy to strengthen its Bitcoin holdings, as evidenced by a separate plan to raise $62 million through stock acquisition rights offered to EVO Fund.

Under this fundraising initiative, Metaplanet will issue 29,000 units of stock acquisition rights, each priced at 614 yen. The total issuance value is estimated at 17.8 million yen.

Metaplanet’s partnership with SBI VC Trade and its focus on Bitcoin treasury management reflect its commitment to advancing the cryptocurrency ecosystem. As noted in a company statement, the initiative underscores their dedication to “enhancing shareholder value while promoting Bitcoin adoption.”

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