Tokyo-based Bitcoin treasury firm Metaplanet has made a significant move by appointing Eric Trump, son of US President Donald Trump, to its newly formed Strategic Board of Advisors. This announcement, made on March 21, marks Trump as the first official member of the advisory board, which aims to bring together influential voices dedicated to advancing financial innovation and Bitcoin adoption.
Metaplanet expressed its commitment to building a top-tier advisory team by bringing on board Trump, who is known for his experience across various industries and his vocal support for Bitcoin and digital assets. The company highlighted Trump’s advocacy for Bitcoin adoption and described him as a valuable addition to its strategic direction.
Simon Gerovich, Director of Metaplanet, expressed enthusiasm about Trump’s appointment, noting that his global business insights and engagement with the Bitcoin community will help accelerate the company’s vision of becoming a world-leading BTC treasury firm. Following the news of Trump’s appointment, Metaplanet’s stock saw a significant increase of over 17% to ¥4,730, according to Google Finance.
Eric Trump’s appointment is seen as a strategic move in Metaplanet’s international growth strategy. Since listing its shares on the OTCQX in December, the firm has been focused on expanding its global visibility and attracting US investors. With Trump’s presence on the board, Metaplanet aims to enhance its appeal among American investors, positioning itself as a rising alternative to Michael Saylor’s Strategy (formerly MicroStrategy).
Eric Trump has been actively involved in the crypto space, particularly through his connection to World Liberty Financial, a family-backed digital asset venture. Recently, he publicly endorsed his father’s pro-crypto policy and expressed support for both Bitcoin and Ethereum on social platforms. Trump’s presence on Metaplanet’s board is expected to further solidify the company’s position in the industry.
In conclusion, Metaplanet’s appointment of Eric Trump to its Strategic Board of Advisors signifies a strategic move towards international growth and increased visibility in the US market. With Trump’s experience and advocacy for digital assets, the company aims to strengthen its position as a leading BTC treasury firm and attract a wider investor base.