Metaplanet Gives Shareholders Free Bitcoin, Stock Soars Over 6%!

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Metaplanet, often referred to as Japan’s MicroStrategy, has partnered with SBI VC Trade to launch a Bitcoin-focused shareholder reward program. The company plans to distribute 30 million yen worth of Bitcoin to 2,350 shareholders. This announcement pushed Metaplanet’s stock up by over 6%, surpassing $2,450. The program includes Bitcoin rewards ranging from ¥10,000 to ¥100,000, with eligibility requiring shareholders to hold 100+ shares by December 31, 2024, and open accounts with SBI VC Trade. CEO Simon Gerovich emphasized the initiative’s goal to promote Bitcoin adoption in Japan. This move follows Metaplanet’s $62 million fundraising effort to strengthen its cryptocurrency strategy and enhance shareholder engagement.