TLDR
- The latest addition to Metaplanet's Strategic Board of Advisors is Eric Trump, marking a significant step for the company.
- Boasting ownership of over 3,200 Bitcoins, Metaplanet stands as Japan’s largest corporate holder of the cryptocurrency.
- In a strategic acquisition, the company recently augmented its Bitcoin stash by purchasing 150 additional coins, investing roughly $12.5 million.
- Having established connections with World Liberty Financial, Eric Trump has become a pivotal figure in the cryptocurrency scene.
- Following the news of Eric Trump’s appointment, Metaplanet observed a remarkable 17% surge in its stock value.
On Friday, Metaplanet declared the formation of a new advisory committee with Eric Trump, aiming to bolster Bitcoin integration and solidify its standing as a top Bitcoin treasury firm.
Simon Gerovich, Metaplanet Inc’s Representative Director, expressed excitement about Trump joining the team, highlighting it as a prestigious moment for the firm.
Expressing enthusiasm for new strategic directions, Metaplanet is keen to have Eric Trump onboard, noting his business savvy and enthusiasm as invaluable assets.
Welcome aboard @EricTrump ! pic.twitter.com/c0bpC1ojcg
— Simon Gerovich (@gerovich) March 21, 2025
With his rich experience in business and deep appreciation for Bitcoin’s community, Eric Trump's input is seen as crucial to Metaplanet’s growth plans, Gerovich noted.
In the wake of his involvement with World Liberty Financial, a Trump ventured crypto startup, Eric Trump has gained recognition in the industry.
Trump’s Crypto Influence
Eric Trump, a vocal advocate for Bitcoin on social platforms, has also dabbled in Ethereum, though his public call to buy didn’t pan out well post a 30% price fall.
In my opinion, it’s a great time to add $ETH .
— Eric Trump (@EricTrump) February 3, 2025
Currently maintaining an impressive reserve of over 3,200 Bitcoin, Metaplanet made a hefty purchase of 150 BTC recently, spending about 1.8 billion yen.
The reaction to Trump’s collaboration was evident in Metaplanet’s shares, which climbed over 17% to a notable JPY 4,730.00.
The budding advisory board aims to welcome even more pivotal voices, seeking global experts who are dedicated to financial innovation and advancing Bitcoin's reach.
Drawing parallels to MicroStrategy in the U.S., Metaplanet mirrors their aggressive Bitcoin accumulation strategy, witnessed under Michael Saylor's leadership.
Amidst the digital currency's unpredictable swings, Bitcoin’s value stood at around $84,000 on Friday, showing a slight dip amidst market instability.
Bitcoin In recent market movements, Bitcoin fluctuated between $81,000 and $84,000, with its daily trading activity shrinking by 32% to hit $25 billion.
In the face of temporary market turbulence, an increasing number of companies are adopting crypto treasury approaches. Bitcoin Without delving into specifics about Eric Trump's role, Metaplanet underlined his appointment as testament to their goal of assembling a top-tier advisory talent.
As Metaplanet continues to expand its Bitcoin engagements, it is also exploring new financial product opportunities though detailed plans remain undisclosed.
Eric Trump's backing of cryptocurrencies gained traction, particularly after his father's win at the polls. Recently, he made waves urging investment during the crypto downturn.
Maisie, an industry-savvy journalist specializing in Crypto & Financial news, has contributed to platforms like Moneycheck.com, level-up-casino-app.com, and sits as Editor in Chief at Blockfresh.com.
