Eric Trump joins Metaplanet as Bitcoin strategy advisor, stock soars
Metaplanet shares jump 17%
Shares of Japanese company Metaplanet Inc jumped more than 17% to ¥4,730 after the firm announced it had appointed Eric Trump, son of U.S. President Donald Trump, as a strategic advisor to support Bitcoin adoption.
Often dubbed the “Japanese MicroStrategy,” Metaplanet has gained widespread attention for its aggressive Bitcoin acquisitions. According to Bitcointreasuries.net, the company currently holds 3,200 BTC, making it the 10th-largest corporate holder of the “digital gold.”
Eric Trump’s appointment to Metaplanet’s newly formed Strategic Advisory Board is seen as a significant move, enabling the company to leverage his connections and insights for more effective Bitcoin purchases. Additionally, Metaplanet aims to develop innovative financial products to create long-term value for shareholders.
Following the announcement, Metaplanet’s stock price soared by 17.37%, reflecting investor confidence in the company’s strategic direction.
Strategic leader or insider beneficiary?
Metaplanet CEO Simon Glovitch expressed enthusiasm about Eric Trump’s new role, saying his business acumen and commitment to the Bitcoin community would be instrumental in establishing Metaplanet as a leading Bitcoin treasury management firm.
At the same time, the appointment has fueled speculation among critics who argue that Donald Trump’s statements and actions influence the crypto market — and those with insider access may stand to benefit.
As we wrote, Eric Trump, known for his involvement in the Trump Organization, has made a bold prediction regarding the future of Bitcoin.
During a recent discussion, he expressed his confidence that Bitcoin would reach the remarkable milestone of $1M in value.
