Metaplanet announced the appointment of Eric Trump, son of former U.S. President Donald Trump, to its strategic board of advisors.
Eric Trump's Joining of Metaplanet
Eric Trump has joined Metaplanet's advisory board, as announced by CEO Simon Gerovich. Trump is set to support the company in expanding its bitcoin treasury.
Metaplanet's Bitcoin Accumulation Strategy
Metaplanet launched its bitcoin accumulation strategy last year, with an aim to acquire 10,000 BTC by 2025. With their recent acquisition of 150 BTC, they now hold 3,200 BTC, positioning them as the 10th largest corporate bitcoin holder globally.
Impacts and Potential Conflicts of Interest
Eric Trump's involvement with Metaplanet may lead to potential conflicts of interest due to his role within the Trump Organization, familial connections with the former president, and associations with cryptocurrency regulation highlighted during Donald Trump's presidency.
Eric Trump's joining of Metaplanet underscores the significance of cryptocurrencies in the company's strategy and piques interest in their bitcoin treasury's growth.
