WASHINGTON – Mr Eric Trump plans to visit Tokyo in September as a part of his household’s increasing push into the cryptocurrency trade, in accordance to folks aware of the matter.
The US President’s son plans to attend a shareholder assembly of Japanese Bitcoin treasury agency Metaplanet Inc on Sept 1, one of many folks stated, asking not to be named as the data isn’t public.
Metaplanet, a resort operator that pivoted to Bitcoin accumulation in early 2024 and has since amassed over US$2.1 billion (S$2.71 billion) price of the token, appointed Mr Eric Trump as a strategic adviser in March.
The corporate is modelled on Michael Saylor’s Technique Inc.
Metaplanet’s inventory reversed its morning losses to rise as a lot as 2.1 per cent in Tokyo on Aug 22 after Bloomberg’s report.
The unstable shares have ballooned virtually 800 per cent in the previous 12 months, even after more-than halving in worth from a peak in mid-June.
Metaplanet shareholders are set to vote on new capital elevating strategies on the Sept 1 assembly that Mr Trump plans to be a part of. His Tokyo visit will comply with his attendance on the Bitcoin Asia convention in Hong Kong on Aug 28-29.
Amongst latest developments in the Trump household’s push into crypto, a little-known Las Vegas agency with roots in biotech and fintech introduced a US$1.5 billion deal that may see it rework right into a stockpiler of digital tokens – together with these issued by Mr Trump-affiliated World Liberty Monetary.
Individually, Trump Media & Expertise Group Corp, the loss-making firm behind Fact Social, raised greater than US$2 billion earlier in 2025 to purchase Bitcoin.
The Monetary Instances reported final week that cryptocurrency miner American Bitcoin, which is backed by Mr Eric Trump and Mr Donald Trump Jr, is looking for potential acquisitions in Asia to hoard digital property.
It’s in search of to purchase a listed agency in Japan, and probably Hong Kong, in accordance to the report, which cited folks aware of the matter.
Japan’s Monetary Providers Company accredited the issuance of the primary yen-denominated stablecoin on Aug 18, as curiosity in crypto continues to develop in the nation.
Japanese lawmakers, together with Finance Minister Katsunobu Kato, are to communicate on the digital property discussion board WebX2025, which takes place in Tokyo Aug 25-26. BLOOMBERG
