Bitcoin

April

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Metaplanet, a Bitcoin-friendly company, has launched a new program in partnership with SBI VC Trade to benefit its shareholders. This Bitcoin news could act in favor of BTC price 
Metaplanet will distribute&nbsp;<a href="https://www.thecoinrepublic.com/price-prediction/bitcoin/">Bitcoin</a>&nbsp;(BTC) worth 30 million Japanese Yen (JPY) to 2,350 eligible shareholders, as per the update. This initiative highlights Metaplanet’s commitment to increasing shareholder value and encouraging the use of cryptocurrency. 
<h2 class="wp-block-heading" id="h-details-of-the-metaplanet-reward-program">Details of the Metaplanet Reward Program</h2> 
Notably, the distribution will be conducted through a lottery system. Fifty lucky shareholders will receive BTC equivalent to 100,000 JPY each. Also, 100 winners will receive BTC worth 30,000 JPY each. The remaining 2,200 winners will receive BTC valued at 10,000 JPY each. 
To qualify for this program, shareholders must hold at least one trading unit of 100 of Metaplanet stock. The established timeline to qualify was pegged at December 31, 2024. 
Additionally, eligible participants must open new accounts with SBI VC Trade between November 18, 2024, and March 31, 2025. 
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Bitcoin will be credited to qualifying accounts by late April 2025, and its value will be calculated based on the SBI VC Trade BTC buy price at 23:59 on April 15, 2025. 
Furthermore, individuals must register for the campaign by March 31, 2025, using the details provided by Metaplanet in early February. However, minors and non-residents cannot participate in the program. 
Interestingly, the announcement of this incentive program has generated significant market interest. Following the news, Metaplanet’s stock surged over 6%, trading above JPY2,450. Bitcoin news and sentiment in Japan has also seen a pump. 
This uptick highlights investor optimism regarding the company’s forward-thinking approach and ability to adapt to the evolving financial landscape. 
<h2 class="wp-block-heading" id="h-metaplanet-and-sbi-vc-trade-bitcoin-push">Metaplanet and SBI VC Trade Bitcoin Push</h2> 
The two Japanese entities recently made headlines for&nbsp;<a href="https://www.thecoinrepublic.com/2024/09/02/metaplanet-sbi-vc-trade-forms-alliance-for-bitcoin-management/">inking a partnership</a>&nbsp;to promote Bitcoin management. 
Metaplanet acknowledged that the move will help it engage with regional industry stakeholders who support its Bitcoin accumulation strategy. The Japanese investment firm also noted that it is an avenger to utilize Bitcoin as collateral for financing. 
Meanwhile, the initiative reflects Metaplanet’s commitment to building shareholder value by forming strategic partnerships. By partnering with a well-known cryptocurrency exchange, the company encourages shareholders to use crypto on a secure and trusted platform. 
As reported, SBI VC Trade is the main platform for delivering Bitcoin to the firm’s eligible shareholders. The exchange will also provide a reliable way to manage digital assets. This partnership ensures that Bitcoin distribution happens securely, reducing the chances of fraud or mistakes in allocation. 
<h2 class="wp-block-heading" id="h-bitcoin-news-metaplanet-continues-btc-accumulation-strategy">Bitcoin News: Metaplanet Continues BTC Accumulation Strategy</h2> 
Metaplanet launched its Bitcoin acquisition strategy in May, borrowing a leaf from business intelligence and software firm&nbsp;<a href="https://www.thecoinrepublic.com/2024/08/03/saylor-best-strategy-is-a-bitcoin-strategy-microstrategy-stocks-up-1206/">MicroStrategy</a>. This eventually earned it the title “Asia’s MicroStrategy,” carving their way into the Bitcoin news cycle. 
On October 28, the Tokyo-based investment firm&nbsp;<a href="https://www.thecoinrepublic.com/2024/10/28/metaplanet-boosts-bitcoin-holdings-to-1000-btc-with-10m-buy/">expanded its Bitcoin holdings</a>, investing $10.4 million to purchase 156.78 BTC. With this purchase, Metaplanet held a Bitcoin reserve of 1,018.17 BTC. The firm’s current portfolio holds 1,142 BTC, valued at over $109 million. 
That gave the firm a substantial position in Asia’s crypto sector, valued at around $68.8 million. Since May, Metaplanet has been gradually growing its Bitcoin portfolio, beginning with a humble position of 141.07 BTC. 
Even with such a significant investment in Bitcoin, Metaplanet stressed that shareholders own no portion of this cryptocurrency capital. History has also prevented the firm from paying dividends on ordinary shares and focusing on capital reinvestment. 
The post <a href="https://www.thecoinrepublic.com/2024/12/03/bitcoin-news-btc-friendly-metaplanet-to-issue-30mn-yen-in-shareholder-benefit/">Bitcoin News: BTC-Friendly Metaplanet To Issue 30Mn Yen In Shareholder Benefit</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Bitcoin News: BTC-Friendly Metaplanet To Issue 30Mn Yen In Shareholder Benefit

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