- A Bitcoin shareholder reward program with a 30 million yen prize pool is introduced by Metaplanet. Participation is open to both new SBI VC Trade account holders and shareholders.
On Tuesday, the Japanese investment company Metaplanet revealed a shareholder reward scheme that will use a lottery to provide Bitcoin awards.
The initiative highlights Metaplanet’s dedication to increasing shareholder value and encouraging the uptake of Bitcoin and is a part of a partnership with SBI VC Trade, a division of SBI Holdings.
Treasury Management, Bitcoin Holdings, and the Metaplanet Bitcoin incentive scheme
Participants in the program, which offers a total prize pool of 30 million yen, or roughly $199,500, distributed in Bitcoin, must be stockholders who own at least 100 shares as of December 31.
A lottery system will be used to distribute rewards with different prize values to 2,350 stockholders.
Participants will also be able to register via a special website prior to the deadline if they are individuals or organizations opening new accounts with SBI VC Trade between November 18 and March 31, 2025.
Simon Gerovich, the CEO of Metaplanet, underlined the significance of using strategic alliances to increase shareholder value.
According to him, the initiative is in line with the company’s overarching goal of assisting Bitcoin’s widespread adoption and incorporating cryptocurrencies into conventional financial plans.
The incentive scheme aligns with Metaplanet’s vigorous efforts to increase its Bitcoin holdings.
The company disclosed on October 28 that it had purchased an extra 156.78 Bitcoin, increasing its total assets to 1,018.17 BTC.
According to BitcoinTreasuries, the acquisition made Metaplanet the second-biggest corporate Bitcoin holder in Asia and the 19th largest worldwide.
Stock Performance, Market Reaction, and Metaplanet Treasury Management
Metaplanet recently revealed plans to raise $62 million through a series of stock acquisition rights (SARs) issued to Cayman Islands-based EVO Fund, in addition to its expanding Bitcoin portfolio.
The company’s treasury management measures will be further supported by this financing, which was obtained through a third-party allocation.
Beginning on December 16, EVO Fund is permitted by the SARs to buy company shares at a unit price of 614 yen.
In order to finance its Bitcoin acquisitions, Metaplanet has also issued bonds totaling 1.75 billion yen, or roughly $11.3 million.
These bonds, which have a 0.36% annual interest rate and are scheduled to maturity in November 2025, are guaranteed by the director of the company.
The performance of Metaplanet’s shares has also been affected by the launch of the shareholder reward scheme.
The company’s shares jumped 1.17% to hit 2337 yen after the news.
This maintains Metaplanet’s remarkable upward trajectory, as the company’s stock has increased 1,360% so far this year, considerably outpacing the 15.7% gain of the Nikkei 225 index.
According to Simon Gerovich, Metaplanet has surpassed well-known companies like Itochu and NTT to take the 20th position out of 4,000 Japanese companies by trading value.
He credited the company’s success to its forward-thinking approaches to shareholder engagement and its strategic concentration on Bitcoin.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
