Metaplanet Buys $12.6 Million in Bitcoin After Eric Trump Joins Board

Metaplanet, a Japanese investment firm, has expanded its Bitcoin holdings by acquiring an additional $12.6 million worth of the cryptocurrency.

This latest purchase, which adds 150 BTC at approximately $83,801 per coin, brings the company’s total to 3,350 BTC. With a current value of about $291.3 million, this move aligns with Metaplanet’s ongoing strategy to increase its Bitcoin reserves.

The acquisition follows the recent addition of Eric Trump, Donald Trump’s second son, to Metaplanet’s Strategic Board of Advisors.

CEO Simon Gerovich emphasized that Eric Trump’s expertise in business and his enthusiasm for Bitcoin would be instrumental in the company’s goal of becoming a major player in the Bitcoin Treasury sector.

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Since launching its Bitcoin adoption initiative in April 2024, Metaplanet has been on a steady path to significantly grow its digital asset portfolio. The firm aims to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.

Currently, Metaplanet is the 10th largest corporate Bitcoin holder globally and the largest in Asia, according to data from Bitcointreasuries.net. The company’s stock has experienced a notable increase, rising by 38.7% this year, and was up by 4.8% in Japan at the time of writing.

Alexander Stefanov