Eric Trump Joins Metaplanet Board, Stock Jumps 17%

Eric Trump, the son of former U.S. President Donald Trump, has been appointed to the Strategic Board of Advisors of Metaplanet, a prominent Bitcoin firm. This move, announced on March 21, marks the first official appointment to the newly formed advisory board, which aims to unite influential voices committed to advancing financial innovation and Bitcoin adoption. Metaplanet, a Tokyo-listed Bitcoin treasury firm, highlighted Trump's extensive experience in real estate, finance, brand development, and strategic business growth, as well as his advocacy for digital asset adoption.

Simon Gerovich, Metaplanet’s Director, expressed optimism about the appointment, noting that Trump’s global business insight and engagement with the Bitcoin community will help accelerate the company’s vision of becoming a world-leading BTC treasury firm. The news of Trump's appointment sparked investor interest, pushing Metaplanet’s stock up by over 17%.

This strategic appointment appears to signal a deliberate step in Metaplanet’s international growth strategy. After listing its shares on the OTCQX in December, the firm has worked to expand global visibility and attract investors. Trump’s presence on Metaplanet’s board could help boost the firm’s appeal among American investors, especially as it positions itself as an emerging alternative to Michael Saylor’s Strategy.

Eric Trump has taken a more public role in the crypto space. He is connected to World Liberty Financial, a family-backed digital asset venture. Earlier this month, he endorsed his father’s pro-crypto policy and expressed support for both Bitcoin and Ethereum on social platform X. This move aligns with Metaplanet's aggressive Bitcoin acquisitions, currently holding 3,200 BTC, which positions it as a significant corporate holder of the cryptocurrency.

Metaplanet's CEO, Simon Glovitch, expressed enthusiasm about Eric Trump's new role, highlighting his business acumen and commitment to the Bitcoin community. Glovitch believes that Trump's involvement will be instrumental in establishing Metaplanet as a leading Bitcoin treasury management firm. However, the appointment has also sparked speculation among critics who argue that Donald Trump's statements and actions influence the crypto market, potentially benefiting those with insider access.

Eric Trump, known for his involvement in the Trump Organization, has made bold predictions regarding the future of Bitcoin. During a recent discussion, he expressed his confidence that Bitcoin would reach the remarkable milestone of $1 million in value. This prediction, while ambitious, underscores the growing optimism within the Bitcoin community and the potential for significant growth in the cryptocurrency market.