Bitcoin stacking company Metaplanet has named Eric Trump, son of former U.S. President Donald Trump, the first member of its newly created Strategic Board of Advisors. The appointment is part of the firm’s ongoing efforts to strengthen its position within the global Bitcoin economy and accelerate adoption.
According to Metaplanet, Trump’s business, real estate, and finance background will contribute significantly to the company’s long-term growth. The firm believes his leadership will help position Metaplanet as a major player in the Bitcoin treasury space.
Strategic board to drive Bitcoin vision
Metaplanet confirmed that Eric Trump’s appointment is just the beginning of a broader strategy. The company plans to add more global thought leaders and high-profile figures to its Strategic Board of Advisors. Simon Gerovich, Metaplanet’s Representative Director, expressed confidence in Trump’s ability to bring value, citing his business experience and alignment with the company’s Bitcoin-focused mission.
Trump’s addition will raise Metaplanet’s profile and influence in the digital asset space. Gerovich noted the company is looking forward to welcoming Trump to its upcoming annual meeting and said the board will play a key role in supporting Metaplanet’s growth objectives.
Metaplanet expands Bitcoin holdings
On March 18, Metaplanet acquired 150 Bitcoin for approximately 1.88 billion yen, translating to around $83,671 per Bitcoin. The purchase is part of the company’s broader target of holding 21,000 BTC by 2026. Despite a 0.5% drop in its stock on the day of the acquisition, the firm saw a 17.8% jump in share price on March 21 during early trading on the Tokyo Stock Exchange.
Earlier this month, Metaplanet purchased 497 BTC, leading to a 20% increase in its stock price. The company’s Bitcoin yield from January 1 to March 18 was 60.8%, a decrease from the previous quarter’s return of 310%.
Bitcoin strategy mirrors microStrategy model
Metaplanet has earned the nickname “Asia’s MicroStrategy” due to its aggressive Bitcoin acquisition strategy. The firm has issued over 44 million shares to purchase Bitcoin. It currently holds 3,200 BTC at an average acquisition cost of $83,107.
While the company is currently in profit by 1.8%, it has experienced periods of potential loss, as Bitcoin dropped to $76,555 last week. At the time of writing, BTC traded at $84,413, leaving the firm with a narrow buffer against further market volatility.