Eric Trump Attends Metaplanet Extraordinary Shareholders’ Meeting: Supports Expanding Bitcoin Investments

Eric Trump attended the extraordinary shareholders’ meeting of Japan’s Bitcoin treasury company Metaplanet on Monday (Sept 1), expressing his support for the company’s Bitcoin-centered expansion strategy.

The purpose of this meeting was to pass a capital plan: issuing an additional 550 million shares overseas, with expected fundraising of 130.3 billion yen (approximately USD 884 million). The funds will primarily be used to purchase more Bitcoin. The proposal was unanimously approved by attending shareholders.

Originally a hospitality-focused company, Metaplanet has fully transformed into a digital asset strategy firm since 2024. The company now holds more than USD 2 billion worth of Bitcoin, ranking seventh among publicly listed firms globally with significant Bitcoin reserves. CEO Simon Gerovich, inspired by U.S. software company MicroStrategy, sold most of the firm’s hotel assets and redirected resources into cryptocurrency custody.

On the same day, Metaplanet announced the acquisition of an additional 1,009 Bitcoins, bringing its total holdings close to 20,000 BTC. This aggressive Bitcoin accumulation has drawn widespread attention. Over the past year, the company’s stock surged by 740%, far outpacing the roughly 14% rise of Japan’s Topix index; however, shares recently experienced a 3.9% pullback.

(Original article: Here)

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