Bitcoin stacking company Metaplanet appoints Eric Trump, President Donald Trump’s son, to its newly established Strategic Board of Advisors. According to Metaplanet, establishing the new board and Eric’s appointment will strengthen the company’s position in the larger Bitcoin economy. The firm expects Trump’s background in business, finance, and real estate to fuel the company’s growth further. Metaplanet’s Representative Director, Simon Gerovich even showed support for Trump’s appointment, claiming the business leader will be a valuable asset in advancing the company’s vision. Metaplanet plans to add more influential leaders to its Strategic Board of Advisors In its press release, Metaplanet asserted it would add more high-profile figures and thought leaders worldwide to its new board to drive Bitcoin adoption. Eric Trump is now the only known member of the board; however, the firm is soon to make other appointments. Eric Trump’s appointment, nevertheless, is expected to enhance the company’s hold in the Bitcoin market. Simon Grevich even commented, “We are honoured to welcome Eric Trump as our first board member of our Strategic Board of Advisors and look forward to welcoming him to our annual meeting.” He added that Trump’s business experience and love for the Bitcoin community will play a critical role in accelerating the firm’s vision of becoming one of the world’s leading Bitcoin Treasury Companies. Metaplanet bought 150 BTC on March 18, working towards its 21,000 BTC acquisition target by 2026 Metaplanet has also been actively purchasing Bitcoin in the past few days. On March 18, the Japanese firm bought about 150 Bitcoins for about 1.88 billion yen or $83,671 per Bitcoin. However, after the BTC purchase, its stock slid slightly by 0.5% on the day. Nonetheless, its shares picked up on March 21. For the first 80 minutes of the trading day on the Tokyo Stock Exchange, the staking firm’s shares jumped 17.8% to 4,730 Japanese yen, roughly $31.74. Moreover, on March 5, the company purchased 497 BTC, and its stock price rose by almost 20% consecutively. Not to mention, the firm’s BTC yield from Jan. 1 to March 18 for the ongoing quarter was 60.8%, a smaller change from the previous quarter, which saw a yield of 310%. So far, the company has issued more than 44 million common shares of company stock to buy Bitcoin, earning the name “Asia’s MicroStrategy” for its similar buying approach to Michael Saylor’s Strategy, formerly MicroStrategy. As per the latest data from Bitcoin Treasuries, Metaplanet currently holds 3,200 BTC, acquired at an average cost of $83,107 per coin. While this has led to a modest 1.8% profit, the firm remains vulnerable to Bitcoin price fluctuations. The firm faced potential losses multiple times in March 2025, when Bitcoin’s price fell below its acquisition cost. In fact, last week, Bitcoin dipped as low as $76,555—its lowest price since November 2024—putting downward pressure on Metaplanet’s portfolio. Nonetheless, the market has seen a slight recovery since. At the time of writing, BTC was trading at $84,413, reflecting a 1.5% fall over the past 24 hours. This offers a narrow margin of safety for Metaplanet’s holdings but underlines the ongoing volatility of the cryptocurrency market. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
