Metaplanet Inc., a Japanese technology firm, has introduced a groundbreaking shareholder benefit program in partnership with SBI VC Trade.
This initiative, designed to reward shareholders with Bitcoin, highlights the growing trend of using cryptocurrency as part of corporate incentive and reward systems.
Metaplanet Stock Goes up by 1.17%
The announcement of the program has had an immediate impact, with the company’s stock soaring over 1.17%%, and is now $2337. This move not only emphasizes Metaplanet’s commitment to strategic partnerships but also reflects its dedication to promoting Bitcoin adoption and strengthening its ties to the crypto ecosystem.
Under the new program, eligible Metaplanet shareholders will be entered into a lottery to win Bitcoin rewards. The initiative is a direct extension of Metaplanet’s ongoing efforts to integrate cryptocurrency into its business strategy, building a more value-driven ecosystem for its investors.
By offering Bitcoin-based rewards, Metaplanet seeks to enhance shareholder engagement, aligning with the growing demand for crypto-centric benefits in today’s investment world.
This initiative is not the first of its kind for Metaplanet. The company initially announced plans for its shareholder benefit program in November 2018, demonstrating a long-term commitment to incorporating Bitcoin into its business model.
The latest collaboration with SBI VC Trade, a subsidiary of SBI Holdings, solidifies Metaplanet’s position as one of Japan’s leading firms at the forefront of cryptocurrency adoption.
Also read: Crypto Hack: Japanese Crypto Exchange DMM Bitcoin to Liquidate After $320 Million Hack Loss
Bitcoin Plans for Metaplanet
Alongside the Bitcoin reward program, Metaplanet is also moving forward with a significant capital raise. A total of 29,000 units will be distributed by Metaplanet. EVO FUND is entitled to buy 100 common shares for each unit. The overall issuance price is 17,806,000 yen, with each subscription right costing 614 yen.
CEO Simon Gerovich explained that the company’s initiative is aimed at “providing Bitcoin for free” to give more people in Japan the opportunity to experience the benefits of digital currency. This capital raise will support Metaplanet’s broader vision of increasing its Bitcoin holdings, positioning the company as a key player in the Japanese cryptocurrency landscape.
Also read: Japanese Firm Remixpoint Invests More $3.2 Million In Bitcoin Holdings Amid Price Surge
Growing Trends in Crypto Rewards
Metaplanet’s focus on Bitcoin aligns with a growing trend in the global business community, where companies are increasingly using cryptocurrency as a tool for incentivizing customers, employees, and shareholders.
As traditional financial systems explore the integration of digital currencies, businesses are leveraging crypto-based reward systems to foster loyalty and create new revenue streams. This movement reflects a shift toward a more decentralized, blockchain-powered economy, where digital assets are gaining recognition as legitimate and valuable forms of currency.
Often referred to as “Asia’s MicroStrategy” due to its Bitcoin accumulation strategy, Metaplanet has already amassed the largest Bitcoin reserve in Japan. By offering Bitcoin as part of its shareholder benefit program, Metaplanet is not just rewarding its investors, it is setting the stage for further adoption of cryptocurrency in Japan, encouraging a broader cultural shift towards digital assets