Metaplanet has appointed Eric Trump, son of former U.S. President Donald Trump, as the first member of its newly established Strategic Board of Advisors. This appointment aims to strengthen the company's position in the Bitcoin market.
Eric Trump's Appointment as Strategic Advisor
Metaplanet's Representative Director, Simon Gerovich, supported Eric Trump's appointment to a key strategic managerial role in the company. Trump's experience in business, finance, and real estate is seen as a valuable asset to the team.
Metaplanet's Plans to Expand the Board of Advisors
Metaplanet plans to further expand its board with more influential figures and thought leaders to drive Bitcoin adoption. Eric Trump is now the only known member of the board, but the company is set to announce more appointments soon.
Metaplanet's Bitcoin Acquisitions
On March 18, Metaplanet purchased around 150 Bitcoins and aims to reach its target of 21,000 BTC by 2026. The company achieved a yield of 60.8% in the last quarter, although it remains vulnerable to the volatility of Bitcoin prices. Currently, it holds 3,200 BTC at an average cost of $83,107 per coin.
Eric Trump's appointment as a strategic advisor at Metaplanet emphasizes the company's aim to strengthen its standing in the Bitcoin economy. This move is supported by active Bitcoin acquisitions, despite the volatility of the cryptocurrency market.
