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Metaplanet Welcomes Eric Trump to Advisory Team

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Highlights:

  • Metaplanet has appointed Eric Trump to join its strategic board of advisers.
  • The move aligns with the company’s goal of establishing a global Bitcoin treasury.
  • Simon Gerovich believes Eric’s wealth of experience will move Metaplanet forward.

US President’s son Eric Trump has joined Metaplanet’s strategic board of advisers. The company announced today via an X post. According to the Japanese crypto investment firm, the move is targeted towards boosting Bitcoin adoption and Metaplanet’s position as a global leader in the Bitcoin market.

Metaplanet said its newly created board of advisors will comprise influential global figures and thought leaders dedicated to Bitcoin and financial innovation.

The company added:

“As a globally recognized business leader and entrepreneur, Eric Trump brings a wealth of experience in real estate, finance, brand development, and strategic business growth and has become a leading voice and advocate of digital asset adoption worldwide.”

Simon Gerovich, Metaplanet’s Chief Executive Officer (CEO), reacted to Eric’s appointment via a tweet. The CEO expressed excitement about the new development. He added that Eric’s expertise and passion will help drive Metaplanent’s Bitcoin accumulation mission.

Eric Trump’s Exploits that Made him an Ideal Candidate for the Advisory Role

The US President’s son has been a major contributor to Donald Trump’s family-backed crypto investment platform, World Liberty Financial (WLFI). This month, WLFI completed its native token sales, amassing $550 million, which could be used for strategic crypto investments.

After moving over $300 million worth of crypto to Coinbase, WLFI’s main wallet now holds $80.46 million in cryptocurrencies. Ethereum (ETH) and Wrapped Bitcoin (WBTC) are the two most valuable assets in the company’s portfolio. Meanwhile, Eric had disclosed his crypto holdings in the past. He said it included Bitcoin, Ethereum, Solana, and Sui.

Metaplanet Continues to Show Commitment Towards Establishing a Global BTC Treasury

Aside from Eric’s appointment, Metaplanet has shown a strong commitment to the establishment of a global Bitcoin treasury. Since March started, Metaplanet has procured 965 BTC for about $83.3 million. On March 18, Metaplanet announced its fourth purchase of the month. The company bought 150 BTC for $12.5 million, expanding its Bitcoin holdings to 3,200 tokens worth $269.3 million at $84,150 per coin.

After its last Bitcoin purchase, Metaplanet’s CEO announced on X that the company is officially the largest publicly listed Bitcoin holder in Asia. He also noted that the most recent acquisition propelled Metaplanet into the top ten publicly listed Bitcoin holders globally. The CEO described the achievement as a major milestone, shaping its Bitcoin accumulation strategy.

The consistent purchases align with the company’s target of reaching 10,000 BTC by the end of this year and 21,000 BTC by the end of 2026. On March 18, Metaplanet also issued its 9th series of 0% bonds to raise ¥2 billion ($13.4 million) for further Bitcoin acquisitions. The company issued its 8th series on March 12, reflecting its dedication to funding Bitcoin expansion.

Metaplanet Shares Spikes as Bitcoin Records Slight Dip

According to Google Finance data, Metaplanet’s shares are up 17.8%, trading at about ¥4,730.00 ($31.74) over the first few hours of the March 21 trading day. Over the past five days, the value of the shares increased by 23.02%, gaining ¥885.0.

On its part, Bitcoin is down 1.1% in the past 24 hours, trading at approximately $84,680. Within the same timeframe, the flagship crypto has oscillated between $83,735.87 and $86,375.76, highlighting significant struggles to reclaim $90,000. Bitcoin has a market capitalization of about $1.68 trillion. Its 24-hour trading volume has dropped 30.53% to $25.63 billion.

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