12h00 ▪
4
min at reading ▪
The Japanese company Metaplanet, listed in Tokyo, announced the acquisition of 150 other bitcoins, thus increasing the portfolio to 3,350 BTC. The decision barely made a few days after the appointment of the son of the former US President in his advisory board. There is a courageous maneuver behind these numbers: transforms a metaplanet into a global giant bitcoin reserve. But why did Eric Trump play this sudden appetite for the Queen’s crypto and what role?
Since April 2024, the metaplanet has accepted an aggressive approach to the accumulation of bitcoins. With this last purchase of $ 12.6 million, the company spent almost $ 278.8 million to build its treasure of digital war treasure and continued to deal with unlimited bitcoin.
Simon Gerovich, CEO of the metaplanet, does not hide his ambition: by the end of 2025 he reaches 10,000 BTC, then a year later 21 000 BTC.
A goal that places a Japanese company in a race against actors such as Microstratega, an undisputed leader with almost 500,000 BTC.
However, this strategy is not just a simple speculative bet. When the metaplanet was the first Asian institutional holder of Bitcoins, he tries to earn money from the volatility of traditional markets.
His action, by 38.7 % since January 2024, reflects the trust of investors in this orientation. Dynamic strengthened by the recent Bitcoins award, which borders with $ 87,000 at the time of the editorial staff.
In parallel, society relies on a wider story: Bitcoins as a refuge face to face weakened yen.
This vision, combined with regular purchases, allows the metaplanet to stand out in the Japanese financial landscape still shy in front of cryptocurrencies. It remains to see if this frantic accumulation can withstand the whims of markets.
The appointment of Eric Trump to the Metaplanet Advisory Board is not trivial. If some consider it a media stroke, Simon Gerovich insists on business expertise and “passion” of Trump’s son for Bitcoins. Alliance, which could serve two goals: to draw attention to US markets and legitimize the company’s bitcoin strategy for international investors.
The immediate effect was not long on the arrival: when it was announced, the Metaplanet’s action climbed by 4.8 %in one day. A reaction that emphasizes the influence of political personalities on crypto.
This influence is particularly marked in the context where Donald Trump’s statement warns. Trump actually multiplies the position favorable to bitcoins.
Eric Trump thus embodies the bridge between the traditional financial system and the crypto ecosystem, which has so far perceived a certain institutional institutional as marginal.
But besides buzzing, this cooperation asks. Will the metaplanet bet on the Trump heir network to expand its influence outside Asia? Or is it to predict a more favorable scenario in the United States where cryptocurrencies could become an election problem?
No matter how it is, this appointment strengthens the location of the metaplanet as a bold actor, ready to merge traditional financial and disturbing innovations, even if the Fed cools down the hopes of bitcoins doped by crisis.
Maximize your Cointribne experience with our “Read to Earn” program! For each article you read, get points and approach exclusive rewards. Sign up now and start to accumulate benefits.
Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.