Key Insights:
- Metaplanet’s stock surged 17.8% after appointing Eric Trump to its advisory board.
- The firm aims to acquire 10,000 Bitcoin by 2025, holding 3,050 BTC worth $4.1 billion.
- Eric Trump’s crypto portfolio includes Bitcoin, Ethereum, Solana, and Sui.
Japanese investment company Metaplanet has added Eric Trump to its newly formed Strategic Board of Advisors. The company made this statement on 21st March to show that Eric Trump shall be supporting the use of its invested Bitcoins.
Simon Gerovich, the chief executive of Metaplanet, said,
“His business acumen, love of the Bitcoin community and global hospitality perspective will be invaluable in accelerating Metaplanet’s vision of becoming one of the world’s leading Bitcoin Treasury Companies.”
Metaplanet’s Stock Surges Following the Announcement
Following the announcement, Metaplanet’s shares rose by 17.8% and reached 4,730 Japanese yen ($31.74) within the first 80 minutes of trading on the Tokyo Stock Exchange, as per data obtained from Google Finance.
The company currently possesses 3,050 Bitcoins with an estimated value of $4.1 billion, which makes it a holder of the largest Bitcoin. It has set an ambition to reach the $100,000 Bitcoin mark by the end of 2025. Through eleven weeks in 2025, it has bought 1288 bitcoins, which is way above what was bought in the whole of 2020.
Eric Trump’s Role in Crypto
Eric Trump continues to play an active role in the cryptocurrency space given his association with World Liberty Financial. The platform recently conducted its second token sale, where it sold tokens amounting to $550 million. More so, Arkham Intelligence reports that the company currently holds $80.8 million worth of digital assets.
At the same time, Eric Trump has recently stated that he personally possesses Bitcoin, Ethereum, Solana, and Sui. His inclusion in the Metaplanet advisory board is part of the firm’s plan to court personalities in the Bitcoin market to popularize the cryptocurrency.
Metaplanet Expands Bitcoin Strategy
Metaplanet made its first Bitcoin acquisition in April 2024 and since then, it has employed the following financial strategies to bolster its Bitcoin reserves. The firm has not indicated Trump clear duties, but it insisted that the advisory board will play a role of offering insights on the growth of Bitcoin and other financial products.
The company continues to grow its Bitcoin ‘treasure chest’ and work on new financial instruments. Notably, the Japan company leadership is convinced that using experienced advisors like Eric Trump will help to advance its Bitcoin strategy effectively.
