Outside Source
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Author
Sujha Sundararajan
Author
Sujha Sundararajan
Tokyo-based Bitcoin-stacking company Metaplanet announced the establishment of a Strategic Board of Advisors, appointing Eric Trump as the first member.
Eric Trump, the second son of US President Donald Trump, has long been a crypto advocate who recently warned Wall Street to adapt to crypto or face extinction.
His appointment would foster the Metaplanet’s “Bitcoin adoption”, the company said in a statement on Friday.
“As a globally recognized business leader and entrepreneur, Eric Trump brings a wealth of experience in real estate, finance, brand development, and strategic business growth and has become a leading voice and advocate of digital asset adoption worldwide.”
Advisory Committee to Foster Bitcoin Adoption
Metaplanet’s Strategic Advisory Committee would also comprise “influential voices, speakers and thought leaders” across the industry, the company added.
“We are honored to welcome Eric Trump as the first member of our Strategic Board of Advisors and look forward to welcoming him to our annual meeting,” Simon Gerovich, Representative Director of Metaplanet Inc, noted.
According to Bitcoin Treasuries by Bitbo, the company, also known as “Asia’s MicroStrategy,” is the 12th largest corporate Bitcoin holder.
Metaplanet currently holds 3,200 Bitcoins worth $271 million at press time. The total comes after the company bought 150 BTC on Tuesday, as part of its ongoing accumulation strategy. The company aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Metaplanet Aims to Assemble “Top-Tier Advisory Talent”
The establishment of a Strategic Board of Advisors would not only boost its BTC adoption, but “strengthen its position as a global leader in the Bitcoin economy,” the release read. Further, Metaplanet aims to bring “top-tier advisory talent” to the committee.
“As Metaplanet continues to expand its Bitcoin treasury and develop innovative financial products, the Company remains committed to, and focused on, delivering long-term value to its shareholders.”
This article first appeared at News
