Metaplanet Appoints Eric Trump as Strategic Advisor, Who Will Contribute to Their Bitcoin Accumulation Strategy in Economically Unstable Japan

While everyone is mainly focused on Donald Trump as the main driver of Bitcoin adoption in the US

Metaplanet, Inc. (NASDAQ:MINT) announced the appointment of Eric Trump, the son of former President Donald Trump, as Strategic Advisor. In this role, Trump will be focusing on Japan, a country currently facing economic instability, which might be creating opportunities for Metaplanet's Bitcoin accumulation strategy.

The news follows a recent report by DeBank, which revealed that Metaplanet had become one of the largest Bitcoin holders among Web3 projects, second only to Bitcoin itself.

"We are honored to welcome Eric Trump to the Metaplanet team," said Jianming Shi, CEO of Metaplanet. "His experience in business and finance will be invaluable to us as we continue to grow and expand our operations."

Trump himself expressed his enthusiasm for the appointment, highlighting Metaplanet's innovative technology and unique approach to the cryptocurrency industry.

"I am eager to contribute my insights and network to support their strategic initiatives in the Japanese market and beyond," Trump added.

This appointment comes amidst heightened interest in Donald Trump's potential role in Bitcoin adoption. Earlier this week, Trump spoke at the Crypto Summit in New York, during which he discussed the importance of cryptocurrency and his administration's efforts to regulate the industry.

However, while the former president's actions are being closely followed by the crypto community, it's worth noting that Eric Trump's involvement in Metaplanet might be an even more crucial factor.

As a company that's actively engaging in Bitcoin accumulation, Metaplanet's stock price has risen dramatically in recent months, which in turn enables even more intense Bitcoin buying.

The news of Trump's appointment and Metaplanet's strong earnings report may explain the massive surge in the company's stock price today.