Japanese Monex Group to Pay Dividends in Bitcoin – Details
Monex Group has revealed that it will be paying out bitcoin to shareholders in 2019 as a part of their mid-term dividend.
According to the press release on September 24th, the Japanese financial company will be paying the benefit to existing shareholders, in addition to investors who hold company shares as of September 30th, 2019.
Monex says it was driven by the increasing aspiration to extend into the cryptocurrency industry. Investors will receive the equivalent of 500 yen ($4.66) in BTC as a benefit for their shares,
Responding to increasing aspiration for building assets in cryptocurrencies, the Company has decided to grant 500-yen equivalent cryptocurrency BTC to those shareholders who hold Coincheck accounts, which are operated by the company’s subsidiary Coincheck, Inc.
Investors in Monex have until March 31, 2020 to file a benefits application, which includes creating a Coincheck account to receive the benefit,
Shareholders are required to open accounts in Coincheck and complete the application in the ‘Shareholder Benefit Application Site’ by 11:59 p.m. on March 31, 2020 in order to receive 500-yen equivalent cryptocurrency BTC in early April 2020.
Monex Group acquired Coincheck in April 2018 for $33.5 million.