The post Eric Trump’s new role at Metaplanet drives 17.8% stock surge – Details appeared on BitcoinEthereumNews.com.

Metaplanet’s stock surged 17.8% after announcing Eric Trump’s appointment to its strategic advisory board. The firm aims to reach 10,000 BTC holdings by 2025, positioning itself as a major player in the Bitcoin economy. Metaplanet, a Japan-based Bitcoin[BTC]-focused investment firm, has appointed Eric Trump to its newly formed Strategic Board of Advisors. The move signals the company’s intent to expand its influence in the Bitcoin economy while leveraging high-profile leadership to accelerate its mission.  As Metaplanet continues its aggressive Bitcoin acquisition strategy, Trump’s involvement could catalyze broader institutional interest and adoption. A strategic appointment with big implications Eric Trump is well known for his role in the Trump Organization. His appointment is expected to bolster Metaplanet’s credibility and market reach. This move is needed particularly in Western markets, where institutional Bitcoin adoption remains a growing narrative.  Additionally, CEO Simon Gerovich emphasized the move’s significance. He stated that Trump’s strategic vision aligns with Metaplanet’s mission of accumulating and holding Bitcoin as a store of value. Metaplanet’s growing Bitcoin treasury The firm has been steadily increasing its Bitcoin holdings, recently acquiring an additional 150 BTC, bringing its total reserves to approximately 3,200 BTC.  Also, with a long-term goal of reaching 10,000 BTC by the end of 2025, Metaplanet is positioning itself as a major player in the Bitcoin ecosystem. The company’s investment approach mirrors that of MicroStrategy, strongly emphasizing Bitcoin as a treasury asset.  Source: Bitbo Bitcoin Treasuries This aggressive accumulation strategy reflects a broader trend among corporations looking to hedge against inflation and currency devaluation. Market reaction and stock surge Following the announcement of Trump’s appointment, Metaplanet’s stock immediately surged, climbing 17.8% within the first 80 minutes of trading. The sharp rise highlights investor confidence in the company’s strategy and the potential impact of Trump’s involvement.  Source: TradingView The stock rally…

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Filed under: News - @ March 22, 2025 7:25 am