Eric Trump Joins Metaplanet's Strategic Board, Stock Surges 10%

Metaplanet, a prominent Bitcoin-focused investment firm based in Japan, has announced the appointment of Eric Trump to its newly established Strategic Board of Advisors. This strategic move is aimed at bolstering the company's efforts to drive Bitcoin adoption and solidify its position as a leading Bitcoin treasury firm. Metaplanet's CEO, Simon Gerovich, highlighted Eric Trump's extensive experience in finance, real estate, and brand development, as well as his strong ties to the Bitcoin community, as key assets that will accelerate the company’s growth and influence in the global Bitcoin economy.

Eric Trump, known for his work in real estate and finance, is expected to bring business expertise to the board to help “building one of the world’s leading Bitcoin Treasury Companies.” The new board will include “influential voices, speakers and thought leaders from around the world who are committed to furthering the Bitcoin mission and advancing financial innovation.” Metaplanet didn’t reveal specific details on what role Trump would play, but said his appointment “reflects Metaplanet’s commitment to assembling top-tier advisory talent to advance its strategic objectives.” The firm also pointed out it’s still expanding its Bitcoin holdings and working on new financial products, though it didn’t provide further information.

Eric Trump's appointment comes at a time when the former U.S. President Donald Trump has been vocal about his administration's commitment to making the United States a global leader in cryptocurrency. In a pre-recorded address, Trump reaffirmed his support for digital assets, emphasizing the role of blockchain pioneers in transforming the banking and payment systems. He also highlighted the importance of dollar-backed stablecoins in maintaining the dominance of the U.S. dollar in global finance. Trump's administration has taken several steps to integrate digital assets into the financial system, including the establishment of a Working Group on Digital Assets and a Bitcoin strategic reserve.

The appointment of Eric Trump to Metaplanet's advisory board has been met with positive investor sentiment, as evidenced by the immediate surge in Metaplanet’s stock price. The news of Trump's involvement has signaled confidence in the firm’s strategic direction and its growing Bitcoin reserves. This move underscores Metaplanet’s commitment to aligning itself with industry leaders and advocates who share its vision for the future of Bitcoin.

Meanwhile, executives from Trump Media & Technology Group are leading a new company, which is seeking to raise funds through public and private offerings. The special-purpose acquisition company is exploring potential acquisitions in the crypto or blockchain sector, leveraging the Trump administration’s strong support for digital assets. The company’s close ties to Trump Media could pose challenges, as some businesses may be reluctant to engage due to its affiliation with the . However, the SPAC intends to focus on high-potential companies based in the United States, particularly those related to data security and technology applications in both military and civilian sectors.