Metaplanet adds $12.6 million worth of bitcoin after appointing Eric Trump to advisory board
Japanese investment firm Metaplanet acquired another $12.6 million worth of bitcoin, continuing its bitcoin accumulation strategy.
The firm's move came after it appointed Eric Trump, Donald Trump's second son, to join its Strategic Board of Advisors on Friday. Gerovich said Eric Trump's "business expertise and passion for BTC" will help drive the company's mission to build "one of the world’s leading Bitcoin Treasury Companies."
Metaplanet has been actively buying the world's largest cryptocurrency since it introduced its bitcoin adoption strategy in April 2024. The company aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
The Japanese firm is currently the 10th largest public corporate bitcoin holder in the world and the largest in Asia. Michael Saylor's Strategy remains at the top of the list with nearly 500,000 BTC.
Metaplanet's stock climbed 4.8% in Japan while it was still trading in the afternoon session at the time of writing. Google Finance data shows that its stock price has risen 38.7% since the beginning of this year.
Bitcoin is currently trading at $86,988, up 3.4% over the past 24 hours, according to The Block's price page.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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