A Bitcoin treasury firm listed on the Tokyo Stock Exchange has appointed Eric Trump, the son of former US President Donald Trump, to its newly established Strategic Board of Advisors.
The firm made the announcement on March 21, revealing that Trump will be the inaugural member of this advisory board, which is designed to bring together prominent figures committed to promoting financial innovation and the wider acceptance of Bitcoin.
This appointment reflects the company’s commitment to assembling a high-caliber advisory team. Trump possesses diverse experience across various sectors and has increasingly voiced his thoughts on Bitcoin and digital assets.
The company characterized him as a fervent supporter of Bitcoin and a significant asset to its strategic initiatives. In their statement, they noted:
“Eric Trump offers extensive experience in real estate, finance, brand development, and strategic business expansion and has emerged as a prominent voice and advocate for the adoption of digital assets globally.”
Simon Gerovich, the firm’s Director, shared his enthusiasm about the new appointment. He emphasized that Trump’s international business perspective and involvement with the Bitcoin community would play a crucial role in advancing the company’s ambition of becoming a leading BTC treasury firm worldwide.
According to Google Finance, the announcement generated excitement among investors, resulting in a 17% surge in the firm’s stock to ¥4,730.
Strategic Move
Market analysts have suggested that Eric Trump’s appointment represents a strategic initiative as the firm aims for international expansion.
Following its listing on the OTCQX in December, the company has been focusing on enhancing its global presence and attracting US investors.
In this context, having Trump on the board could enhance the firm’s attractiveness to American investors, particularly as it positions itself as a viable alternative to strategies employed by other firms in the Bitcoin space.
Eric Trump has recently taken a more public stance in the cryptocurrency realm. He is linked with World Liberty Financial, a family-backed venture in digital assets. Earlier this month, he endorsed his father’s supportive stance on cryptocurrencies and expressed backing for both Bitcoin and Ethereum on social media platform X.
