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Cryptocurrency News Articles

Eric Trump Joins Metaplanet's Bitcoin Advisory Board

Mar 21, 2025 at 10:41 pm

YEREVAN (CoinChapter.com) — Eric Trump has been appointed to Metaplanet's new Bitcoin advisory board. The announcement came on March 21 from CEO Simon Gerovich.

Eric Trump Joins Metaplanet's Bitcoin Advisory Board

"YEREVAN (CoinChapter.com) - Eric Trump has joined the Bitcoin advisory board of Metaplanet, the company announced on March 21 in a press release. The appointment was confirmed by CEO Simon Gerovich.

The new board will focus on expanding advice and support for Metaplanet’s Bitcoin adoption strategy. The company is currently the 12th largest corporate holder of Bitcoin, with 3,050 BTC at a value of almost $4.1 billion as of March 2025, according to BitBo’s BitcoinTreasuries.NET.

The company began purchasing Bitcoin on April 23, 2024. Since the beginning of 2025, Metaplanet has added 1,288 BTC to its reserves with the goal of reaching 10,000 BTC by the end of 2025 through multiple financial instruments, including direct purchases and strategic planning focused on asset growth.

Following the announcement, shares of Metaplanet rose 17.8% in the first 80 minutes of trading on March 21, reaching 4,730 Japanese yen or around $31.74, according to Google Finance.

The company also announced that the new advisory board will include more global figures in the coming months.

“We are honored to welcome Eric Trump to Metaplanet’s Bitcoin advisory board,” said Simon Gerovich, CEO of Metaplanet. “His experience in business and hospitality will be invaluable to us as we continue to build our Bitcoin strategy.”

“We are also grateful for his support of Bitcoin, which aligns perfectly with our long-term goals.”

The company also published a formal letter confirming the appointment.

“Dear Eric Trump,

We are writing to confirm your appointment to the Metaplanet Bitcoin advisory board. We are honored to have you join us in this capacity.

As we continue to increase our Bitcoin holdings and integrate it into our operations, we believe that your insights and advice will be critical to our success. We are also mindful of the global interest in Metaplanet and our Bitcoin strategy.

In this context, we would be grateful if you could keep the purpose and scope of the advisory board confidential. We will, of course, be happy to answer any questions you may have.

We look forward to working closely with you in the months ahead.”

The public release of Trump’s appointment included a brief statement and the official letter. CEO Simon Gerovich highlighted the board's focus on strategic growth through Bitcoin.

"We are honored to have Eric Trump join Metaplanet's Bitcoin advisory board," said Gerovich. "His experience in business and hospitality will be invaluable to us as we continue to build our Bitcoin strategy. We are also grateful for his support of Bitcoin, which aligns perfectly with our long-term goals."

The appointment comes as Metaplanet, a company engaging in Bitcoin-related activities, is making headlines. Earlier this month, the company announced a partnership with blockchain gaming company Chain Games to launch a new game that will reward players with Bitcoin.

The partnership aims to combine Chain Games' expertise in developing engaging blockchain games with Metaplanet's experience in managing a large-scale Bitcoin portfolio. The game, set to launch in the second half of 2025, will allow players to earn fractions of Bitcoin through gameplay.

This initiative is part of Metaplanet's broader strategy to promote Bitcoin adoption and integrate it into everyday life. The company, a subsidiary of the Metaverse Group, is a significant holder of Bitcoin, currently ranked 12th among corporate entities, according to BitcoinTreasuries.NET.

As of March 2025, Metaplanet's Bitcoin holdings total 3,050 BTC, valued at almost $4.1 billion. The company began purchasing Bitcoin on April 23, 2024, and since the beginning of 2025, it has added 1,288 BTC to its reserves.

Metaplanet's goal is to reach 10,000 BTC by the end of 2025. To achieve this target, the company is employing multiple financial instruments, including direct purchases and strategic planning focused on asset growth.

The company's stock, traded on the Tokyo Stock Exchange, rose 17.8% in the first 80 minutes of trading on March 21 following the announcement. Shares of Metaplanet climbed 4,730 Japanese yen or around $31.74, according to Google Finance.

The new advisory board will also include more global figures in the coming months to expand advice and support for Metaplanet's Bitcoin adoption strategy.

The company also confirmed that Trump's appointment to the Metaplanet Bitcoin advisory board is true and that he will be providing the company with valuable advice and support.

Eric Trump is also active in the Trump family'

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Other articles published on Mar 22, 2025