- The shares of Metaplanet rose by 17.8% after announcing the appointment of Eric Trump at its strategic advisory board.
- The company wants to reach 10,000 BTC Holdings by 2025 and position itself as an important player in the Bitcoin economy.
Metaplanet, a Bitcoin -based Bitcoin[BTC]-Freated investment firm, has named Eric Trump to the newly formed strategic council of advisers.
The relocation indicates the intention of the company to expand its influence in the Bitcoin economy and at the same time use a high-profile leadership to speed up his mission.
While Metaplanet continues its aggressive Bitcoin acquisition strategy, Trump’s involvement can catalyze broader institutional interest and adoption.
A strategic appointment with large implications
Eric Trump is known for his role in the Trump organization. It is expected that his appointment will strengthen the credibility and market range of Metaplanet.
This step is particularly needed in the Western markets, where institutional Bitcoin adoption remains a growing story.
Supplementary, CEO Simon Gerovich emphasized the meaning of the movement. He stated that Trump’s strategic vision is in line with Metaplanet’s mission to collect Bitcoin and to keep it of value as a store.
Metaplanet’s growing bitcoin treasury
The company has steadily raised its Bitcoin Holdings and recently bought an additional 150 BTC, so that its total reserves have brought around 3,200 BTC to around 3,200 BTC.
With a long-term objective to reach 10,000 BTC by the end of 2025, Metaplanet positions itself as an important player in the Bitcoin ecosystem.
The investment approach of the company reflects that of micro strategy and strongly emphasizes Bitcoin as a treasury activum.
Source: Bitbo Bitcoin Treasuries
This aggressive accumulation strategy reflects a broader trend in companies that want to cover themselves against inflation and currency evaluation.
Market reaction and stocks of stock
After the announcement of the appointment of Trump, the shares of Metaplanet rose immediately and rose by 17.8% within the first 80 minutes of the trade.
The sharp turnout emphasizes the trust of investors in the strategy of the company and the potential impact of Trump’s involvement.
Source: TradingView
The Stockrally emphasizes the growing trust in the ability of high-profile figures to stimulate Momentum in the cryptocurrency sector, especially in combination with an aggressive acquisition strategy such as those of Metaplanet.
The appointment of Eric Trump for the Metaplanet advisory board marks a crucial move that could again define the direction of the company. With a growing Bitcoin Treasury and a focus on institutional acceptance, Metaplanet positions itself as an important player in the Bitcoin economy.
The positive reaction of the market to Trump’s involvement underlines the powerful synergy between prominent figures and crypto -investing companies, which will probably remain an important engine in the industry.
Credit : ambcrypto.com
