Metaplanet Invests $12.6M in Bitcoin, Adds Eric Trump

Metaplanet Bolsters Crypto Strategy with Trump Appointment

Metaplanet’s decision to buy $12.6 million in Bitcoin follows its strategic development measures. The inclusion of Eric Trump on its advisory board adds a political dimension.

Eric Trump’s appointment introduces potential for influence in cryptocurrency regulations. Metaplanet’s actions signal a more significant role in the crypto landscape.

“Metaplanet is thrilled to welcome Eric Trump to our newly formed Strategic Board of Advisors. His business expertise and passion for BTC will help drive our mission forward as we continue building one of the world’s leading Bitcoin Treasury Companies.” – Simon Gerovich, Representative Director, Metaplanet Inc.

Bitcoin Market Reacts to Metaplanet’s $12.6M Investment

Bitcoin’s price witnessed a rise, reflecting positive market sentiment. Metaplanet’s investment may strengthen confidence in digital currencies, amid volatile market conditions.

CoinMarketCap data reveals Bitcoin’s current price at $86,967.87, with a 3.26% 24-hour increase. The 24-hour trading volume is $18.6 billion, up by 97.48%, indicating increased activity. CoinMarketCap

Political Figures in Crypto: Historical Market Impacts

Past events show similar market responses when political figures enter crypto. The collaboration might draw parallels with other firms adopting such strategies.

Historically, collaborations like these bring regulatory discussions and market shifts. Analysts suggest growth in Bitcoin value, contingent on market stability and regulatory trends. CryptoSlate Analysis