Japanese Financial Services Firm Announces Year-End Shareholder Grant In The Form Of Bitcoin

Monex, a financial services firm based out of Japan, has declared that it will give Bitcoin to its shareholders as a year-end benefit for 2019. It is to be noted that Monex is the company behind the infamous cryptocurrency exchange Coincheck.

As per a recent declaration, the company is mulling over giving its shareholders five hundred yens (worth around 4.5 USD) to those who hold the shares of the company as of March 31 as a year-end benefit for 2019 apart from prevailing stakeholder benefit. It is to be noted that the company will give Bitcoin to only those shareholders who hold an account on cryptocurrency wallet Coincheck.

The statement indicates that this may be a one-time occurrence:

“Please note that it has yet to be determined whether granting the cryptocurrency BTC as a part of shareholder benefits will continue for the fiscal year 2020 and after.”

Founded in 1999, Monex Group is a publicly-traded financial services firm. As per company data platform Owler, the firm has an annual revenue of over seven hundred million USD and over eight hundred employees. Overall, the initiative is ostensibly a way to get the firm’s stakeholders more involved with digital assets and virtual currencies.