Japanese firm Metaplanet, known for its active Bitcoin acquisitions, plans to distribute BTC worth 30 million yen to its shareholders in collaboration with crypto exchange SBI VC Trade.
Driving Bitcoin Adoption With BTC Giveaway
According to an official announcement from SBI VC Trade, Metaplanet is organizing a BTC giveaway campaign worth 30 million yen to promote Bitcoin adoption in Japan. During this campaign, 50 winners will receive 100,000 yen in Bitcoin, 100 winners will receive 30,000 yen, and the remaining 2,200 winners will receive 10,000 yen in Bitcoin. Participants must be Metaplanet shareholders and register on the campaign website by March 2025.
Metaplanet’s Bitcoin Acquisition Strategy
Metaplanet follows an active Bitcoin acquisition strategy similar to Microstrategy. The company recently acquired 1,100 BTC and raised $62 million to purchase additional Bitcoins. Acquiring 107 BTC in October 2024 led to a 16% increase in Metaplanet's stock, asserting its status as Asia's first Bitcoin Treasury Company.
Partnership Between Metaplanet and SBI VC Trade
The partnership between Metaplanet and SBI VC Trade began in September and includes Bitcoin trading, storage, and management. Their collaboration strengthens with this Bitcoin giveaway, positioning SBI VC Trade as a top player in the Japanese crypto exchange market.
Metaplanet's strategy of fostering Bitcoin awareness and continued investments in cryptocurrency reinforces its market position. Its partnership with SBI VC Trade enhances the development of both companies.
