Japanese Financial Giant Monex Group to Pay Dividends in Bitcoin

Michael LaVere
  • Japan-based Monex Group, owners of Coincheck, will be paying midterm benefits to shareholders in bitcoin.
  • Investors have until Mar. 31, 2020 to file a benefits application and register a Coincheck account. 

Financial giant Monex Group, which owns the cryptocurrency exchange Coincheck, says that it will be paying out bitcoin to shareholders in 2019 as a part of their mid-term dividend. 

Monex Paying Bitcoin Shareholder Benefit

According to the press release on Sept. 24, the Japanese financial company will be paying the benefit to existing shareholders, in addition to investors who hold company shares as of Sept. 30, 2019.  

Monex claims to be 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 Mar. 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, following the exchange’s high profile hack of $534 million in user funds. 

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