Metaplanet, a company focused on Bitcoin investments, has appointed Eric Trump, son of former US President Donald Trump, to its newly formed strategic advisory board. This decision aims to support Metaplanet in its ambition to emerge as a “global leader in the Bitcoin economy.”
“His business insight, enthusiasm for the Bitcoin community, and global hospitality perspective will be crucial in propelling Metaplanet’s goal of becoming one of the foremost Bitcoin Treasury Companies worldwide,” stated Metaplanet CEO Simon Gerovich in an announcement shared on X on March 21.
Recognized internationally as a business leader and entrepreneur, Eric Trump possesses extensive experience in real estate, finance, brand development, and strategic growth, making him a prominent advocate for the adoption of digital assets globally, as noted by Metaplanet.
This strategic appointment is part of Metaplanet’s broader initiative to curate a board filled with influential figures dedicated to advancing Bitcoin adoption.
On March 21, Metaplanet’s shares jumped by 17.8%, reaching 4,730 Japanese yen ($31.74) within the first 80 minutes of trading on the Tokyo Stock Exchange, according to Google Finance data.
Currently, Metaplanet holds 3,050 Bitcoin (BTC), valued at nearly $4.1 billion, securing its position as the 12th largest corporate Bitcoin holder, as shown by BitBo’s BitcoinTreasuries.NET data. The firm has been pursuing various financial instruments to enhance its Bitcoin reserves since its inaugural purchase on April 23, 2024.
This story is still developing, and more updates will follow as they become available.