Eric Trump Champions Crypto at Tokyo Metaplanet Meeting

Eric Trump made a notable appearance in Tokyo to back Metaplanet, a Japanese bitcoin treasury firm, as the company seeks to expand its international crypto ventures. As an adviser since March, Trump's presence at the extraordinary shareholders' meeting highlights the Trump's family's increasing involvement in the cryptocurrency world.

Metaplanet convened the meeting to secure shareholder approval for selling 550 million new shares overseas, aiming to raise 130.3 billion yen ($884.41 million) primarily to purchase additional bitcoin. Despite no formal comment from the company or Trump on the meeting, the capital-raising plan was successfully approved, according to attendees.

The financial landscape shift, influenced by individuals like Donald Trump, underscores the growing importance of crypto assets. Meanwhile, Metaplanet's transition from a hotel business to a prominent crypto player pays homage to the firm's success and expanding bitcoin holdings, even as its stock faces volatilities.