Monex Group To Pay Dividends To Shareholders and Investors in Bitcoins

The financial giant Monex Group, which owns the Coincheck cryptocurrency exchange, says it plans to make payments to shareholders in 2019 as part of its medium-term dividends using bitcoins, according to a company press release.

The Japanese financial company will pay dividends to existing shareholders and investors who own shares in the company as of September 30, 2019. Monex claims that they are driven by a growing “aspiration” to enter the cryptocurrency industry. Investors will receive the equivalent of 500 yen ($ 4.66) in BTC as dividends from their shares, as stated in the announcement:

“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.”

Monex investors should submit an application for payment by March 31, 2020, which requires the creation of an account on Coincheck. Bitnewstoday reminds that the Monex Group acquired Coincheck in April 2018 for $33.5 million, after a scandalous hack of the exchange, during which it lost the assets in the equivalent of $534 million.