Metaplanet Invests 12.6 Million Dollars In Bitcoin Following The Arrival Of Eric Trump
The Japanese company Metaplanet, listed in Tokyo, announced the acquisition of an additional 150 bitcoins, bringing its portfolio to 3,350 BTC. A decision made just a few days after the appointment of the son of the former American president to its advisory board. Behind these figures lies a bold maneuver: to transform Metaplanet into a global giant of bitcoin reserves. But why this sudden appetite for the queen of crypto, and what role does Eric Trump play in this equation?
Metaplanet: an aggressive bitcoin strategy
Since April 2024, Metaplanet has adopted an aggressive approach to accumulating bitcoin. With this latest purchase of $12.6 million, the company has spent nearly $278.8 million to build its digital war chest, continuing to stack bitcoin without limits.
Simon Gerovich, CEO of Metaplanet, does not hide his ambition: to reach 10,000 BTC by the end of 2025, and then 21,000 BTC a year later.
A goal that places the Japanese firm in the race against players like MicroStrategy, the undisputed leader with nearly 500,000 BTC.
But this strategy is not just a simple speculative bet. By positioning itself as the first Asian institutional holder of bitcoin, Metaplanet seeks to capitalize on the volatility of traditional markets.
Its stock, up 38.7% since January 2024, reflects investor confidence in this direction. A dynamic reinforced by the recent appreciation of bitcoin, which is nearing $87,000 at the time of writing.
In parallel, the company is banking on a broader narrative: that of bitcoin as a safe haven against the weakening yen.
This vision, combined with regular purchases, allows Metaplanet to stand out in a Japanese financial landscape that is still timid towards cryptocurrencies. It remains to be seen whether this frenzied accumulation will withstand the whims of the markets.
Eric Trump: a media and strategic catalyst
The appointment of Eric Trump to the advisory board of Metaplanet is not trivial. While some see it as a media stunt, Simon Gerovich emphasizes Trump’s son’s business expertise and “passion” for bitcoin. An alliance that could serve two purposes: to attract the attention of American markets and to legitimize the company’s bitcoin strategy to international investors.
The immediate effect was felt quickly: upon the announcement of his appointment, Metaplanet’s stock rose by 4.8% in a single day. A reaction that highlights the influence of political figures on crypto.
This influence is particularly marked in a context where Donald Trump’s statements attract attention. Indeed, Trump is making numerous favorable statements about bitcoin.
Eric Trump thus embodies a bridge between the traditional financial establishment and the crypto ecosystem, still perceived as marginal by some institutional investors.
But beyond the buzz, this collaboration raises questions. Is Metaplanet banking on the Trump heir’s network to extend its influence outside of Asia? Or is it anticipating a scenario more favorable to the United States, where cryptocurrencies could become an electoral issue?
In any case, this appointment strengthens Metaplanet’s positioning as a bold player, ready to merge traditional finance with disruptive innovation, even as the Fed cools hopes for a crisis-boosted bitcoin.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.