Key takeout
- Eric Trump will be attending Metaplanet's major shareholder vote in Tokyo, focusing on Bitcoin's capital strategy.
- Metaplanet has accumulated over $2 billion in Bitcoin, and stocks have skyrocketed 140% this year.
Eric Trump, a member of Metaplanet's Strategic Advisory Committee, will visit Tokyo next month to attend the company's main shareholders meeting, Bloomberg reported Friday, citing people familiar with the plan.
US President Donald Trump's son will be the first to take part in the Bitcoin Asia Conference held in Hong Kong from August 28-29 as a keynote speaker.
Metaplanet plans to vote for a new method of capital raising at its meeting scheduled for September 1, 2025. The vote will focus on approving additional funding tools, including preferred stock issuances that could raise billions of dollars for Bitcoin acquisitions.
Japan's Bitcoin Ministry of Finance Metaplanet has accumulated around 18,888 Bitcoin since launching its accumulation strategy. According to TradingView, the stash is currently worth more than $2 billion, with Bitcoin trading at $111,700.
Metaplanet stocks slipped slightly in Tokyo on Friday, but so far this year, the stock price is still up around 140%, Yahoo Finance Data shows.
In March, Metaplanet appointed Eric Trump to the advisory board, increasing the strategic direction of Bitcoin financial management with the aim of accumulating 10,000 BTC by the end of the year.
The visit comes amid an expanded involvement of Trump families in Crypto.
Bitcoin, backed by Eric Trump and Donald Trump Jr., is considering purchasing companies in Japan and Hong Kong to expand the Cryptocurrency Department's operations, the Financial Times reported last week.
However, no definitive acquisition agreements have been confirmed by the company.
Bitcoin in the US will be made public through a reverse merger with Griffon Digital Mining.
