Japan’s Metaplanet to reward shareholders with Bitcoin for holding stock

Metaplanet is preparing to distribute Bitcoin to shareholders through a lottery system aimed at encouraging participation in its new venture with SBI VC Trade.

Tokyo-listed firm Metaplanet has announced a new shareholder benefit program offering Bitcoin (BTC) rewards through a lottery system, as part of its collaboration with SBI VC Trade, a subsidiary of SBI Holdings.

The Japanese investment firm said in a Dec. 2

Within the scope of the program, Metaplanet shareholders who hold at least 100 shares as of December 31 will be entitled to Bitcoin rewards. Additionally, individuals or institutions that open a new account at SBI VC Trade between November 18 and March 31, 2025 will also be able to participate. The announcement stated that to complete the process, participants must register through a dedicated website by March 31, 2025.

“The initiative reflects our commitment to leveraging strategic partnerships to increase shareholder value while encouraging the adoption and use of Bitcoin.”

metaplanet

A total of 30 million yen (about $199,500) will be distributed to 2,350 shareholders through a lottery system in the form of BTC. The distribution includes 50 Bitcoin rewards worth 100,000 yen (~$664) each, 100 Bitcoin rewards worth 30,000 yen (~$200) each, and 2,200 Bitcoin rewards worth 10,000 yen (~$66.5) each.

Metaplanet’s venture with SBI VC Trade led to a 4.58% rise in the company’s shares (MTPLF), reaching $16, according to data from OTC Markets Group. The move comes shortly after Metaplanet announced plans to raise $62 million through a series of share purchase rights for its EVO Fund, with the proceeds aimed at expanding its Bitcoin holdings for treasury management.

In a press release dated November 28, Metaplanet announced its intention to issue a total of 29,000 shares, each entitling the EVO Fund to purchase 100 common shares. The cost of each subscription right was set at 614 yen, bringing the total issue value to 17,806,000 yen.