Metaplanet Partners with SBI VC Trade to Reward Shareholders with ¥30M in Bitcoin

Highlights:

• Metaplanet to reward shareholders with ¥30M Bitcoin, which is expected to boost crypto adoption and stock value.
• Michael Saylor urges Microsoft to invest in Bitcoin as he projects a $5T market cap boost by 2034.
• Shareholders must meet strict requirements to join the Bitcoin program with rewards set for April 2025.

Metaplanet has announced a unique shareholder benefit program. The program includes Bitcoin rewards and seeks to increase the level of shareholder participation. Metaplanet will partner with SBI VC Trade Co., Ltd, an SBI Holdings group company.

*Details of Shareholder Benefit Program in Collaboration with SBI VC Trade* pic.twitter.com/3RioR37vQA

— Metaplanet Inc. (@Metaplanet_JP) December 2, 2024

The program rewards shareholders with 30 million Japanese Yen in Bitcoin. This move aligns with Metaplanet’s overall strategy of increasing the use of cryptocurrency among the Japanese population. 

Metaplanet’s CEO, Simon Gerovich, shared the program’s vision during the announcement. He pointed out the importance of expanding the reach of Bitcoin in Japan. The program builds on the company’s approach to integrating Bitcoin into its operations.

The Eligibility and Key Requirements of the Metaplanet Bitcoin Benefit Program

Metaplanet has its conditions that the shareholders have to meet to be in the program. Shareholders should hold not less than 100 shares of the Metaplanet stock by December 31, 2024. They also have to open an account with SBI VC Trade between the 18th of November, 2024, and the 31st of March, 2025.

Shareholders must register for the campaign by the end of the fiscal year ending in March 2025. Metaplanet has not given registration details but it is expected to be available in February 2025. However, there are certain restrictions on participation in this contest. They must be Japanese citizens and persons over 18 years old.

Metaplanet’s strict requirements aim to ensure regulatory compliance and streamline the process. Eligible shareholders will receive their Bitcoin rewards by late April 2025. In addition, they will use the Bitcoin price as of 11:59 PM on April 15, 2025, for distribution.

Details of Metaplanet’s Bitcoin Distribution Strategy

 Metaplanet plans to reward 2,350 shareholders with varying amounts of Bitcoin. The rewards are divided into three tiers based on random selection. There are fifty shareholders who will be awarded a value of ¥100,000 in Bitcoin. Another 100 shareholders will receive ¥30,000 worth of Bitcoin each. Lastly, 2200 shareholders will get ¥10000 worth of Bitcoin each.

This distribution strategy is intended to create value for the diverse shareholders. They will credit the rewards directly to eligible SBI VC Trade accounts. This seamless process ensures efficient distribution and boosts shareholder satisfaction. Metaplanet will partner with SBI VC Trade to increase Bitcoin adoption in Asia.

Microsoft Responds to Bitcoin’s New Plan

Michael Saylor, the executive chairman of MicroStrategy, has called on Microsoft to adopt Bitcoin. In a recent presentation, Saylor pitched Bitcoin as the next big technology wave. He suggested that Microsoft could add $5 trillion to its market cap by investing heavily in Bitcoin.

JUST IN: Michael Saylor gives presentation to the Microsoft BOD’s and Satya Nadella about #Bitcoin Strategy 👀
pic.twitter.com/Tgd5oxUvMv

— Bitcoin Magazine (@BitcoinMagazine) December 1, 2024

Saylor proposed that Microsoft convert its cash reserves and dividends into Bitcoin. Moreover, he claimed this strategy could add $584 to Microsoft’s share price by 2034. He projects that Bitcoin will reach $1.7 million per coin within the next decade.

Microstrategy is still the largest public Bitcoin holder with more than 279000 BTC. For Saylor, this means corporations must wake up and start responding to technology or be left behind.