Metaplanet Stock Jumps 17% After Appointing Eric Trump to Strategic Board

Metaplanet, a prominent Japanese corporate entity known for its substantial Bitcoin holdings, has announced the appointment of Eric Trump to its newly established Strategic Board of Advisors. This strategic move is aimed at enhancing Bitcoin adoption and solidifying Metaplanet's position as a leading Bitcoin treasury company. The company, which currently holds over 3,200 Bitcoin, recently bolstered its holdings by purchasing an additional 150 BTC for approximately $12.5 million.

Simon Gerovich, the Representative Director of Metaplanet Inc., expressed enthusiasm about Trump's appointment, stating, "We are honored to welcome Eric Trump as the first member of our Strategic Board of Advisors. His business expertise and passion for BTC will help drive our mission forward as we continue building one of the world’s leading Bitcoin Treasury Companies."

Eric Trump, the son of Donald Trump, has gained significant attention in the cryptocurrency world, particularly due to his involvement with World Liberty Financial, a Trump family crypto venture launched in September 2024. Trump has publicly endorsed Bitcoin on social media and has shown interest in other cryptocurrencies like Ethereum, although his February recommendation to buy ETH did not yield favorable results as the price later dropped.

Metaplanet's stock responded positively to the announcement, with shares jumping more than 17%. The company plans to expand its advisory board by including more influential voices and thought leaders who support Bitcoin adoption and financial innovation. This move aligns with Metaplanet's strategy to emulate the approach of MicroStrategy, a U.S. company known for its significant Bitcoin investments under the leadership of Michael Saylor.

Despite recent market fluctuations, more companies are adopting Bitcoin treasury strategies. For instance, Nasdaq-listed biopharmaceutical firm Atai Life Sciences recently announced plans to start a Bitcoin treasury program. Metaplanet's appointment of Eric Trump reflects its commitment to assembling top-tier advisory talent to advance its strategic objectives, although specific details about Trump's role on the advisory board have not been disclosed.

Eric Trump's crypto advocacy has gained traction, especially after his father's election victory. Last month, he made headlines by encouraging investors to buy during the crypto market dip. Metaplanet continues to expand its Bitcoin holdings while developing new financial products, although no further information was provided about these upcoming initiatives or products.